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Tag: Bank Alfalah Limited

Bank Alfalah Honoured with Pakistan’s Best Digital Banking and Housing Finance Awards 2022

Business, English
Karachi, January 24, 2023 (PPI-OT):Bank Alfalah, one of the largest commercial banks in the country, has been conferred with ‘Best Digital Banking’ and ‘Best Bank in Housing Finance’ awards at the Pakistan Banking Awards 2022 by the Institute of Bankers Pakistan (IBP). Bank Alfalah was recognized for its efforts in introducing innovative and transformative offerings, and simplifying and easing customers’ banking experience through its digital services. It was recognized for winning the trust of customers who can avail of end-to-end banking services and perform financial transactions from the comfort of their location. Today, 72 percent of the Bank’s counter transactions come through its digital channels, and over 80 percent of bank accounts are opened digitally without paperwork. Speaking ...

Bank Alfalah introduces QR Payment Solution with SnappRetail

Business, English
Karachi, January 18, 2023 (PPI-OT):Bank Alfalah, continuing its efforts to digitize the retail landscape of Pakistan, has entered into an aggregator partnership with SnappRetail. This partnership is designed to accelerate merchant acquiring activities and to encourage digital payments at the point of sale (POS). Under this collaboration, merchants acquired by SnappRetail will be onboarded to the QR (Quick Response) payment system of Bank Alfalah, bringing cash-oriented merchants into the fold of the documented economy. The newly acquired merchants will be registered on Alfa Business Application. The app offers a smooth in-app registration process that only requires a merchant’s valid CNIC. Moreover, the application’s seamless payment system requires the merchant to accept payments by getti...

Bank Alfalah partners with Jubilee Life Insurance for 24×7 Cash Collection through largest CDM Network of Pakistan

Business, English
Karachi, May 06, 2022 (PPI-OT):Bank Alfalah Limited (BAFL), the country’s leading financial institution and Jubilee Life Insurance Company Limited (JLICL), Pakistan biggest private sector insurer have come together, and signed an MOU for round the clock cash collection through Bank Alfalah CDM network. The signing ceremony was held at Bank Alfalah’s Head Office in Karachi. With the help of this integration, JLICL customers and sales force will be able to deposit their insurance premiums / contributions in real-time through CDM (Cash Deposit Machine) in a secured manner. Bank Alfalah Limited (BAFL) is one of the largest financial institution of Pakistan and one of the most influential industry leaders when it comes to innovative Digital Banking products. In past 2 years, Bank Alfalah has bu...

Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats

Business, English
Karachi, November 25, 2020 (PPI-OT): At an exclusive event hosted for Non-Resident Pakistanis in Dubai, His Highness Sheikh Nahayan Mabarak Al Nahayan, Chairman of Bank Alfalah, introduced the Roshan Digital Account, an initiative of the Government of Pakistan and State Bank of Pakistan (SBP). At the occasion, His Highness, Sheikh Al Nahayan said, “Pakistan, by several important measures, is recognized as an emerging international financial services center. This Roshan Digital Account has been designed from the ground up to cater to the needs of high-net-worth individuals through a sophisticated digital platform. This is a product that is rooted in the present and future progress of Pakistan’s economy as one of the emerging markets of the world – an economy where astute investors sho...

Bank Alfalah Becomes the First Bank in Pakistan to be recognized as a Market Maker by PSX

Business, English
Karachi, November 17, 2020 (PPI-OT): Pakistan Stock Exchange (PSX) and Bank Alfalah signed an agreement today at a ceremony held at PSX Trading Hall. Under this agreement, Bank Alfalah has now become the country’s first commercial bank designated as a Market Maker for Debt Securities at the Pakistan Stock Exchange. Mr. Farrukh H. Khan, CEO, Pakistan Stock Exchange, and Mr. Atif Bajwa, President and CEO, Bank Alfalah, signed the agreement. Present at the ceremony were Mr. Sulaiman S. Mehdi, Chairman PSX; Mr Ali Sultan, Group Head of Treasury and Capital Markets, Bank Alfalah, Board members of PSX and senior management of both the organizations. On this occasion, Mr. Farrukh Khan, the CEO of PSX, said, “Growth of the debt markets is an important strategic objective of PSX and critical for th...

Bank Alfalah and Mastercard Launch Alfa Virtual Debit Card

Business, English
Karachi, November 02, 2020 (PPI-OT): Bank Alfalah has announced the launch of the Alfa Virtual Debit Card in collaboration with Mastercard in an endeavour to bring the bank closer to customers in the times of social distancing. The virtual card eliminates the need to visit a branch, present any physical documentation or in-person interaction to the application as customer verification is performed digitally. The launch of the new card is in line with the bank’s commitment to supporting citizens and communities by providing convenient solutions enabling them to continue banking remotely. With this launch, Bank Alfalah aims to drive inclusivity by broadening its reach to cater to a diverse customer base and improve the digital payments ecosystem across the country. Offering a fully contactle...