Silkbank launches Contactless Credit Cards
Economic Reporter
KARACHI: The Silkbank Limited has announced the successful launching of its Contactless Visa Credit Cards in December 2020.
This contactless technology enables safer and faster transactions that do not require one to swipe or dip his/her card at POS (Point of Sale) terminals, making one’s purchase experience more convenient and easy.
While commenting on the launching, Naveed Mushtaq, Business Head – Credit Cards, Silkbank, mentioned that with the introduction of Contactless (Tap to Pay) Credit Cards, Silkbank has taken a giant leap towards enabling its credit card holders to access growing global trends and offering better customer experience to attain top-of-wallet status.
As per the data received from Visa, contactless transactions share had increased from 35% in January 2020 to 47% in August 2020 globally, therefore, it had become all the more important to timely adopt this technology, he added.
Here it is worth mentioning that the Silkbank has launched the Contactless Credit Cards with new designs speaking of greater freedom and global access, and has also added a new variant to its existing menu, the Visa Classic Cards targeted at lower income groups.
According to the bank’s official, the Silkbank has many other strategic initiatives in the pipeline for its credit cards business which will further cement the bank’s market leadership position in the cards industry.
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