MCB Islamic Bank has announced a strategic partnership with Visa to launch a diverse portfolio of seven Visa Debit Cards, each designed to cater to the evolving financial needs of its customers. The initiative reflects the Bank’s commitment to providing cutting-edge payment solutions that combine convenience, accessibility, and global usability with the principles of Shari’ah compliance.
The collaboration was formalized in a high-profile signing ceremony attended by key leaders from both organizations, including Mr. Zargham Khan Durrani, President & CEO of MCB Islamic Bank, Mr. Umer Sheikh, Business Head – Digital Banking, Ms. Leila Serhan, SVP & Group Country Manager, North Africa, Levant, and Pakistan at Visa, and Mr. Umar Khan, Country Manager, Visa Pakistan & Afghanistan. Senior executives and team members from both sides were also present to witness the milestone event, which underscores the growing synergy between fintech innovation and Shari’ah-compliant banking solutions.
With this initiative, MCB Islamic Bank aims to empower its customers by offering payment solutions that are not only globally accepted but also provide superior convenience and security. Each of the seven debit cards has been designed to address different customer segments, ensuring that retail, corporate, and digital-first users can access a range of features tailored to their lifestyle and financial habits.
The introduction of these cards is a significant step in the Bank’s ongoing digital transformation journey, as it seeks to integrate innovative financial technology into everyday banking services. By partnering with Visa, a global leader in payments technology, MCB Islamic Bank is reinforcing its commitment to delivering seamless, secure, and accessible payment experiences for its clients.
Mr. Zargham Khan Durrani emphasized the importance of innovation in Shari’ah-compliant banking, stating that this collaboration represents a forward-looking approach to digital financial inclusion. “Our partnership with Visa ensures that our customers can conduct secure transactions globally, with a range of products that meet diverse needs, all while adhering to Islamic banking principles,” he remarked.
Visa executives also highlighted the significance of the collaboration. Ms. Leila Serhan pointed out that such partnerships are crucial for driving digital payment adoption in Pakistan, where consumers are increasingly seeking secure, reliable, and innovative financial solutions. Meanwhile, Mr. Umar Khan emphasized Visa’s role in facilitating global acceptance and advanced payment technologies for local banking institutions.
Industry analysts note that the launch of these debit cards positions MCB Islamic Bank as a pioneer in Shari’ah-compliant digital payments in Pakistan. With features designed for convenience, security, and international usability, the cards are expected to attract a wide range of consumers and contribute to the broader goal of financial inclusion in the country.
This development also aligns with global trends, where banking institutions are increasingly adopting digital-first strategies to enhance customer experience, streamline transactions, and expand access to innovative financial products.
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