Business · 3h ago
HBL Launches PayPak-UnionPay Co-Badge Card for Global Payments
HBL, Pakistan's largest debit card issuer, introduced the HBL PayPak UnionPay Co-Badge Debit Card, enabling domestic PayPak users to transact globally via UnionPay's network. The card aims to bridge local payment schemes with international connectivity, boosting financial inclusion. HBL's move aligns with Pakistan's push for interoperable digital payments.
Meridian48 take
The card is a practical step for Pakistan's fintech ecosystem, but its impact depends on merchant adoption and user trust in domestic schemes.
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HBL Unveils HBL PayPak UnionPay Co-Badge Card: Empowering Domestic Payment Schemes with Global Connectivity →
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