ISLAMABAD: The Bank of Khyber (BoK) and JCB International Co Limited have joined hands to launch JCB debit cards in Pakistan.
Under the agreement, the BoK customers would be able to withdraw cash from ATMs across Pakistan and globally at locations in over 190 countries.
The agreement was signed by Shabeer Ahmad Sheikh, Executive Vice President and Group Head Operations on behalf of BoK and Kimihisa Imada on behalf of JCBI. The ceremony was attended by Hiroshi Inomata, Japanese Ambassador in Pakistan; Kimihisa Imada, Deputy President of JCBI along with his delegation; Dr Hammad Awais Agha, Chairman BoK Board of Directors; Ahmad Hanif Orakzai, member board of directors and Shams ul Qayyum, Managing Director BoK.
BOK and JCB Debit Card members will not only be enjoying the facility of 1-link networks point of sale and ATMs cash withdrawal in Pakistan, around the globe but shall also have the convenience of interbank transfer of funds and payment of utilities bills through all ATMs in Pakistan. This will bring added value to the services rendered by BOK to its customers. JCBI and 1-link entered in to a strategic partnership to introduce JCB Debit Cards in the country which would be issued by member banks and can be accepted at point of sale and ATM through the 1-link network.
Speaking on the occasion, Hiroshi Inomata said the two countries have long history of good relationship, which is strengthening, with the passage of time. “I am glad to see that more and more companies from the two countries are collaborating in various fields”, he added. Shams-ul-Qayyum said “It is a great occasion for BOK that JCBI a world renowned name in the payment card industry entered in Pakistan’s financed industry”.
Kimishisa Imada said that issuance of debit card with BOK would be a great opportunity for JCBI in Pakistan. In JCB’s global expansion strategy, he said “we view Pakistan to be a market with much potential because of its growing economy and the growth of the card payment market”.
