{"id":7134,"date":"2026-07-16T14:26:38","date_gmt":"2026-07-16T09:26:38","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=7134"},"modified":"2026-07-16T14:26:38","modified_gmt":"2026-07-16T09:26:38","slug":"hbl-unveils-hbl-paypak-unionpay-co-badge-card-empowering-domestic-payment-schemes-with-global-connectivity","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=7134","title":{"rendered":"HBL Unveils HBL PayPak UnionPay Co-Badge Card: Empowering Domestic payment schemes with global connectivity"},"content":{"rendered":"

Pakistan, Karachi \u2013 15 July 2026: <\/b>HBL<\/a>, Pakistan\u2019s largest issuer of debit cards, launched the HBL PayPak UnionPay Co-Badge Debit Card at a ceremony held at HBL Tower, Karachi.<\/p>\n

Developed in partnership with 1Link operated PayPak, Pakistan\u2019s first domestic payment scheme and UnionPay International (UPI), the co-badge debit card combines PayPak\u2019s domestic acceptance with UnionPay\u2019s global reach. This dual-interface card features two networks on a single piece of plastic, thereby enabling customers to make secure and seamless transactions both within Pakistan and globally.<\/p>\n

The launch builds on HBL\u2019s long-standing partnership with both PayPak and UnionPay International. The Bank is the pioneer partner of PayPak cards and is currently one of the largest issuers and acquirers of PayPak cards in the country. HBL has been issuing UnionPay debit cards since 2013. UnionPay is a major global payment and financial services provider established in China in 2002.<\/p>\n

China is a cornerstone of HBL\u2019s international footprint. As the only Pakistani bank with branches in both Beijing and Urumqi, HBL continues to strengthen financial connectivity between Pakistan and China. From facilitating Pakistan\u2019s inaugural Panda Bond issuance to being nominated as the Chair of the Council of the Interbank Consortium of the SCO (SCO IBC) for the forthcoming year 2026 \u2013 2027, HBL continues to strengthen its footprint in the Chinese financial ecosystem.<\/p>\n

This collaboration also aligns with the State Bank of Pakistan\u2019s vision to promote PayPak \u2013 Pakistan\u2019s first domestic payment scheme \u2013 as a secure, inclusive and interoperable digital payment ecosystem.<\/p>\n

The launch ceremony was attended by industry leaders, including Jameel Ahmad, Governor \u2013 SBP, Muhammad Nassir Salim, President & CEO \u2013 HBL, Li Yong – Commercial Counsellor – People\u2019s Republic of China, Aamir Kureshi, General Manager, President\u2019s Office and Strategic Initiatives \u2013 HBL, Nadeem Haroon, Country Head, Pakistan, Qatar, Bahrain & Afghanistan \u2013 Union Pay International, and Najeeb Agrawalla, CEO – 1LINK.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan, Karachi – 15 July 2026: HBL, Pakistan’s largest issuer of debit cards, launched the HBL PayPak UnionPay Co-Badge Debit Card at a ceremony held at HBL Tower, Karachi. Developed in partnership with 1Link operated PayPak, Pakistan’s first domestic payment scheme and UnionPay International (UPI), the co-badge debit card combines PayPak’s domestic acceptance with UnionPay’s […]<\/p>\n","protected":false},"author":1,"featured_media":7135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t