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Saudi security man killed, 6 injured in terrorist attack in Qatif

Jeddah, (IINA) - A Saudi security man was martyred and six others injured in a terrorist attack on Thursday while they were on patrol duty, in Al-Musawara district in the Qatif Governorate, SPA reported.A spokesman for the Saudi Ministry of Interior sa...

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Chief of the Naval Staff Admiral Muhammad Zakaullah spent Eid day with the troops deployed on forward posts of Pakistan Navy in Sir Creek area bordering India.Later, the Naval Chief visited Ghani post and had informal interaction with personnel deploye...

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Two terrorists were killed during intelligence based operation conducted by Punjab Rangers in Dera Ghazi Khan, Thursday night.According to ISPR, the terrorists were planning terror activity at a religious occasion.Source: Radio Pakistan

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KHC acquires 7% stake in Careem for $62M

RIYADH, Saudi Arabia, June 15, 2017 /PRNewswire/ — Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in Careem through a Secondary Share purchase as well as participating in the latest Primary Round E-1 Capital Raise amounting to a total transaction value of $62M. The transaction […]

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عسکری بینک لمیٹڈ اور یونین پے انٹرنیشنل کے درمیان این ایف سی اور ای ایم وی ڈیبٹ کارڈ کے اجراء کے معاہدے پر دستخط

/شنگھائی، 13 جون 2017ء / پی آر نیوزوائر/– پاکستان کے اہم بینکاری ادارے عسکری بینک لمیٹڈ (اے کے بی ایل) اور دنیا کی سب سے بڑی ادائیگی اسکیموں میں سے ایک یونین پے انٹرنیشنل کے درمیان پاکستان میں یونین پے کوئیک پاس (این ایف سی) اور ای ایم وی چپ کارڈز جاری کرنے کا معاہدہ […]

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Askari Bank Limited and UnionPay International Sign Agreement for NFC & EMV Debit Card Issuance

SHANGHAI, June 13, 2017 /PRNewswire/ — Askari Bank Limited (AKBL),Pakistan’s premier banking institution and UnionPay International, one of the world’s largest payment schemes, has entered into an agreement to issue UnionPay QuickPass (NFC) and EMV Chip Cards in Pakistan. The initiative will allow AKBL customers to enjoy convenience of contactless payments “TAP & GO” while keeping the payments safe and secure. Further, the agreement would allow AKBL customers to conduct transactions at 41 million merchants and over 2 million ATMs worldwide along with 10 million online merchant sites.

The partnership was signed by Mr. Farrukh Iqbal Khan, Group Head Operations, Askari Bank Limited Pakistan and Mr. Han Wang, General Manager, UnionPay International Middle East in Shanghai, China in the presence of Mr. Larry Wang, Chief Business Development Officer of UnionPay International, Mr. Asim Bashir-Country Head Branchless Banking & ADCs of AKBL.

“Askari Bank has always been at the forefront in re-shaping and re-defining financial services landscape and signing agreement with UnionPay International for QuickPass (NFC) and EMV chip card issuance is yet another step”, said Farrukh Iqbal Khan, Group Head Operations, Askari Bank Limited. He further added that the Askari Bank will take advantage of UnionPay successful best practices for financial inclusion in China while re-defining AKBL strategic plan for financial inclusion.

“We are excited to work with UnionPay in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. ‘Tap & Go’ contactless payments will add further convenience for AKBL customers while keeping the payments safe and secure”, said Asim Bashir, Country Head Branchless Banking & ADC, Askari Bank Limited.

Mr. Larry Wang Chief Business Development Officer of UnionPay International, said, “We are glad to offer new payment options for Pakistanis together with AKBL. UnionPay have made quite an achievement in Pakistan these years. At present, 70% of ATMs and 95% of POS terminals in Pakistan accept UnionPay cards, and over 3.4 million UnionPay cards have been issued in the country. The launch of UnionPay innovative products like QuickPass and EMV chip cards here this time will further enhance our service capability for the local residents.”

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