Soneri Bank to launch World Debit Card, FalconPay services

Soneri Bank to launch World Debit Card, FalconPay services

KARACHI: Soneri Bank Limited in collaboration with Mastercard has announced to launch a 'World Debit Card' and FalconPay services for the bank's customers.

Soneri's World Debit Card is one of the most prestigious offerings amongst the category of cards with numerous benefits. Ideal for those who travel worldwide, the card offers access to VIP lounges internationally, complimentary services at world-class hotels, and accidental and health coverage, in addition to many other benefits.

FalconPay, powered by Mastercard, is a mobile financial services platform provided by Inov8. It would allow Soneri Bank to target new market segments within its mobile banking platform, while also creating accessible digital channels for the bank to leverage its conventional branch banking, by creating a distribution channel, which is more or less as effective as that of the other players of branchless banking.

The signing ceremony was graced by former State Bank of Pakistan governor Yaseen Anwar, Soneri Bank President and CEO Mohammad Aftab Manzoor, Soneri Bank Chief Operating Officer Amin Feerasta, Chief Information Officer Ahmed Saqib Asad, Mastercard Division President Khalid Elgibali, Mastercard Pakistan and Afghanistan, Head Aurangzaib Khan, Inov8 Chairman and Co-CEO Hasnain Sheikh, and a number of other senior officials from Soneri Bank, Mastercard and Inov8.

Inov8's Advisory Board Member Yaseen Anwar said, "Partnering with Inov8 would lead to many strategic benefits to Soneri Bank, which was one of the pioneering banks globally in QR payments."

Soneri Bank President and CEO Mohammad Aftab Manzoor said, "Soneri World debit card would provide consumers with a host of features and benefits. It was also equipped with the latest technology, to ensure safe and secure transactions." He also added that signing the MoU for QR payments on the FalconPay platform would become the future of payments.

Soneri Bank Chief Operating Officer Amin Feerasta said, "Soneri Bank has always been very focused on providing innovative services to our customers; our Mobile Banking app was the newest addition to our ADC suite and World debit card issuance would provide a number of prestigious benefits to our customers, with FalconPay adding more flexible options to the merchant retail payments via QR code, online payments and so on."

Mastercard area head Aurangzaib Khan said, "Mastercard's solutions would make everyday transactions easier and more secure for customers of Soneri Bank. As a leading technology company in the payments industry, Mastercard serves as a critical link that connects millions of consumers to businesses and banks all over the world, and we are committed to leveraging the power of our industry-leading solutions to drive the use of electronic payments in Pakistan."