The Bank of Khyber (BoK), one of the country’s leading financial institutions with a network of 216 branches, has signed an agreement with Mastercard, a leading technology company in the global payments industry. The partnership would see the bank’s customers in the region and across the globe benefit from a new range of electronic payment products, said a press statement received by WealthPK. Under the agreement, the BoK would issue Mastercard debit and credit cards to its customers and enable point-of-sale and e-commerce acquiring, utilising Mastercard’s industry-leading Payment Gateway Services platform.

Muhammad Ali Gulfaraz, Managing Director and Chief Executive Officer of BoK, said it was another milestone achieved by the bank to facilitate its clients. He said that under the agreement, the BoK would provide access to financial services to its clients by using modern technology of MasterCard besides promoting digitalisation in the market. He was confident that the agreement would increase the clients of BoK.

Credit: Independent News Pakistan-WealthPk