NBP Launches Co-Badged Debit Cards with 1LINK and Mastercard

KARACHI - In a groundbreaking development for the banking sector in Pakistan, the National Bank of Pakistan (NBP) has made history by becoming the first commercial bank in the country to enter into a co-badging agreement with 1LINK and Mastercard. This significant partnership aims to enhance digital payment solutions, making transactions more secure and accessible for customers across the nation.

The signing ceremony took place at NBP’s headquarters, where key figures from the banking and technology sectors gathered to witness this momentous occasion. The agreement was officially signed by Rehmat Ali Hasnie, the President of NBP, and Najeeb Agrawalla, the CEO of 1LINK, with Arslan Khan, the Country Manager for Mastercard, also in attendance. Other notable officials present included Adnan Nasir, SEVP & CDO of NBP; Faisal Topra, SEVP & Group Chief RBG (A) of NBP; and several other senior executives from various organizations.

During the ceremony, Rehmat Ali Hasnie emphasized the strategic importance of this collaboration, stating, "This partnership marks a significant milestone in offering our customers secure, world-class payment solutions. With Mastercard co-badge debit cards, we aim to enhance digital payments acceptance with seamless digital banking experiences across the globe." This statement highlights NBP's commitment to providing innovative financial services that meet the evolving needs of its customers.

The co-badged debit cards will combine the strengths of both NBP and Mastercard, allowing customers to enjoy a range of benefits. By leveraging Mastercard’s advanced technology, NBP aims to empower its customers with greater financial freedom and accessibility. This initiative is expected to not only improve the customer experience but also promote the adoption of digital payments in Pakistan, a country that is rapidly moving towards a cashless economy.

As digital payment solutions continue to gain traction globally, this partnership positions NBP at the forefront of the banking revolution in Pakistan. It reflects a growing trend among financial institutions to embrace technology and innovation to better serve their clients. The collaboration with 1LINK and Mastercard is a clear indication that NBP is dedicated to enhancing its service offerings and ensuring that its customers have access to the best financial tools available.

The partnership between NBP, 1LINK, and Mastercard is not just a significant milestone for the bank but also a promising development for the entire financial landscape in Pakistan. As more people turn to digital banking solutions, initiatives like this will play a crucial role in shaping the future of financial transactions in the country. With the introduction of co-badged debit cards, customers can look forward to a more secure, efficient, and user-friendly banking experience.