China, Shanghai – 15 January 2024: HBL, Pakistan’s leading bank and UnionPay International (UPI) jointly announced to strengthen over a decade of successful partnership and commitment to further elevate their collaboration by signing a strategic agreement in Shanghai, China. The agreement focuses on introducing UnionPay branded premium debit cards, positioning them for both existing and new customers of HBL. This agreement reflects the mutual dedication of both institutions to providing innovative and convenient payment solutions to their customers. 

In celebration of this enduring partnership, Aamir Kureshi, Head Consumer, Agriculture & SME Banking – HBL, said “Over the past ten years, HBL has been at the forefront of establishing itself as a key player in the UnionPay ecosystem, boasting one of the largest UnionPay cardholder bases and a significant presence in POS/E-Commerce transactions within Pakistan. We are confident that this strategic partnership will not only enhance the overall banking experience for our customers but also pave the way for exciting new initiatives that leverage the robust bond between China and Pakistan.”

Bomee Sheng, Product Director - UnionPay International, said “UPI is glad to be able to work with HBL in enhancing both accepting and issuing collaboration and offering premium products and better payment services for their common clients and customers.”