Karachi: Meezan Bank, Pakistan's leading Islamic financial institution, has renewed and expanded its strategic alliance with Visa, a global leader in digital payments. This collaboration aims to enhance the bank's debit card portfolio and redefine the banking experience for customers nationwide.

The agreement was solidified with the signing of a Memorandum of Understanding by Dr. Syed Amir Ali, Deputy CEO of Meezan Bank, and Leila Serhan, Visa's Group Country Manager for North Africa, Levant and Pakistan. The signing ceremony was attended by key executives from both organizations, including Mr. Irfan Siddiqui, Founding President and CEO of Meezan Bank.

Under this renewed partnership, Meezan Bank plans to introduce premium and lifestyle-oriented Visa debit card products. These products will provide exclusive benefits tailored to meet the financial needs of customers, offering enhanced digital banking services, global privileges, and seamless international payment capabilities.

The rollout of these initiatives will occur in phases, aimed at transforming customer interactions with digital payments and reinforcing Meezan Bank's leadership in digital Islamic banking in Pakistan.

Mr. Irfan Siddiqui, CEO of Meezan Bank, emphasized the bank's dedication to investing in digital infrastructure to provide a secure and Shariah-compliant banking experience. He noted that the alliance with Visa is a significant step in empowering debit card customers with advanced digital payment solutions.

Umar Khan, Visa's Country Manager for Pakistan and Afghanistan, expressed pride in strengthening the partnership with Meezan Bank. He highlighted the shared vision for creating a digitally inclusive financial ecosystem in Pakistan.

This partnership builds on a long-standing relationship between the two organizations, focusing on innovation, digital inclusion, and customer experience enhancement to promote a cashless economy in Pakistan.