Karachi, Pakistan — National Bank of Pakistan (NBP) has taken a pioneering step as the first conventional bank to introduce a co-badged debit card, blending the features and benefits of both PayPak and Mastercard networks. The official signing ceremony for the NBP PayPak Mastercard Debit Card Project was held recently, presided over by Mr. Rehmat Hasnie, President & CEO of NBP. The event was also attended by Mr. Najeeb Agrawalla, CEO of 1LINK, and Mr. Arsalan Khan, Country Manager of Mastercard, alongside senior representatives from each organization.
This strategic collaboration marks a significant advancement in Pakistan’s financial sector by enhancing debit card accessibility for a broader consumer base. Through the combined networks of PayPak and Mastercard, the new co-badged debit card will provide NBP customers with a range of enhanced transaction options, both locally and internationally, meeting the diverse needs of the bank’s growing client base.
Speaking at the ceremony, Mr. Hasnie highlighted the initiative as a major milestone in broadening financial inclusion and increasing digital payment adoption across the country. Mr. Agrawalla expressed 1LINK’s commitment to expanding Pakistan’s digital financial ecosystem, while Mr. Khan emphasized Mastercard’s role in supporting Pakistan’s vision for a more inclusive and accessible payment landscape.
This project showcases the collective efforts of NBP, 1LINK, and Mastercard in advancing digital financial solutions in Pakistan, empowering customers with secure, convenient, and versatile payment options.
