Allied Bank takes digital payments to next level with UPI and Paysys Labs

Through this partnership, customers can use this facility for Mobile Tap-and-Pay transactions, providing seamless payment experience
An undated image. — Supplied
An undated image. — Supplied

Allied Bank Limited (ABL), UnionPay International (UPI), and Paysys Labs have partnered to improve digital payment security and convenience through tokenisation technology in Pakistan.

Notably, this partnership aims to empower Allied Bank customers with secure and seamless Mobile Tap-and-Pay transactions using their UnionPay-PayPak Co-Badge Debit Cards.

Through this partnership, customers can use this facility for Mobile Tap-and-Pay transactions, providing a seamless, secure, and contactless payment experience.

Speaking at the event, Allied Bank Limited Group Head Cards & Acquiring Business, Muhammad Kamran Zeb stated: “This partnership marks a pivotal step forward in Pakistan’s digital payment ecosystem. By adopting tokenisation technology, Allied Bank reaffirms its commitment to innovation and customer-centric solutions.”

UPI Pakistan Country Head Nadeem Haroon noted: “UnionPay International is proud to support Pakistan’s digital transformation journey. With HCE tokenisation technology, we are enabling a safer and more efficient payment environment for customers.”

On the other hand, Paysys Labs CEO Karim Jindani said: “At Paysys Labs, we are dedicated to empowering digital payment systems with the latest technologies. This collaboration will elevate the payment experience for users while ensuring the highest standards of security.”

To note, the tokenisation technology safeguards sensitive cardholder information by replacing it with unique tokens, providing advanced security for digital transactions.