KARACHI: Bank Alfalah has entered into partnership with a prominent e-commerce website for issuance of Pakistan's first ever discount debit card.
The agreement was signed by Amaar Naveed Ikhlas of Bank Alfalah and Fahad Mehmood of Lootlo.pk here at a local hotel.
Under the agreement, Bank Alfalah will enable Lootlo.pk to offer real-time offline discounts through the "Go Lootlo Wallet" discount debit cards, a first-of-its-kind initiative in Pakistan.
Lootlo.pk is one of Pakistan's oldest discount deals website providing discounted online shopping since July 2013.
It offers a wide range of discounted merchandise and services including restaurants, salons, hospitals, car services and products like clothing, footwear etc.
Through these debit cards, customers can avail discounts at over 500 retailers with over 2,000 outlets all over Pakistan.
With Union Pay International being the exclusive Payment Gateway Partner, "Go Lootlo" debit cards will be accepted all over Pakistan and internationally, including over 30 special discounts available in Dubai alone.
Another great advantage of the "Go Lootlo Wallet" is it offers free Personal Accident Insurance to all cardholders with no minimum deposit condition, a service for which conventional banks require customers to have a minimum deposit or balance maintenance conditions.
Moreover, the "Go Lootlo" cardholders enjoy the additional benefits of Free Personal Accident Insurance including Accidental Death of Rs. 200,000, Permanent Disability/Temporary Disability of Rs. 200,000 and Accidental Hospitalization benefits of Rs. 30,000.
Providing added ease and convenience to the customers, the cards can be topped-up at any of the Bank Alfalah branches or agents spread
across the country or "Go Lootlo" branches or agents nationwide.
Commenting on the development, Amaar Naveed Ikhlas of Bank Alfalah said the partnership will set higher precedent through innovative and value-added products and services for e-commerce customers.
Fahad Mehmood of Lootlo.pk was confident that the partnership will go a long way in ushering ease and access to the mutual customers of the two partners besides inspiring customer loyalty and credibility towards financial inclusion and e-commerce in Pakistan.
Bank Alfalah manages a leading-edge digital ecosystem of a host of digital products and services to promote digital technology in Pakistan. It lends its products and services to various banking and financial players to cater to the needs of Pakistani customers.
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