| Welcome to Global Village Space

Wednesday, April 17, 2024

HBL becomes first bank to launch credit card transactions via mobile

HBL Pay along with other existing features like card activation, card blocking, and transactional controls on the HBL Mobile App, has put HBL CreditCards at the forefront of technological advancement. This product offering will pave the way for HBL customers to enjoy a cardless environment. 

HBL in its pivot towards becoming a ‘Technology Company with a Banking License’ has become the first bank in Pakistan to enable its customers to use their mobile phones as their credit cards and make payments instantly via HBL Pay.

This feature, embedded in the HBL Mobile App, makes the customer experience more convenient and hassle-free. The tokenization technology, which is also used by leading technological giants, enables the HBL Mobile App to create a unique token for each card, which is stored in the mobile phone. Leveraging this technology, HBL will enable efficient digital transactions in a safe and secure way for its customers.

Currently compatible with android phones with NFC functionality, the feature will enable the customers to make payments by tapping their unlocked phones on a contactless-enabled Point of Sale (POS) machine instead of their physical credit cards.

Read more: HBL & BaKhabar Kissan to revolutionize Pakistan’s agro-economy

HBL Pay along with other existing features like card activation, card blocking, and transactional controls on the HBL Mobile App, has put HBL CreditCards at the forefront of technological advancement. This product offering will pave the way for HBL customers to enjoy a cardless environment.

HBL encourages its CreditCard customers to log in to the HBL Mobile App and use this new feature.

HBL dedicated to changing Pakistan’s digital landscape

HBL has often shown its dedication to changing the financial landscape of Pakistan. Earlier, it launched the country’s first and largest fintech summit.

The virtual summit was the first of its kind in Pakistan. According to details, some of the biggest names from global fintech giants attended the event.

Dr Reza Baqir, Governor of the State Bank of Pakistan attended the event in person as Chief Guest. Meanwhile, Her Majesty Queen Maxima of the Netherlands, who is also the UN Secretary-General’s Special Advocate for Inclusive Finance for Development, delivered a special pre-recorded message at the summit.

Moreover, Ann Cairns, Global Vice Chair – Mastercard, also delivered a virtual keynote to the participants of the HBLPFS 2021.

Read more: HBL boosts financial inclusion in Pakistan with first Fintech Summit