ABL LAUNCHES ALLIED EZCASH PREPAID CARD
Allied Bank always believe in introducing new and customer friendly products which help to facilitate diversified customer segments.
The Bank launches its first as well as industry’s first PayPak (Domestic Payment Scheme) Prepaid Card which is instantly issued from all ABL branches. While this product is designed primarily to target the un-banked / walk-in customers, bank’s existing customers/Accountholders can also avail this new product to manage and secure cash-in-hand.
Allied EZCash is a re-loadable Prepaid Card which comes with the convenience of easy load/reload/top-up from any ABL branch. This card is instantly issued from all ABL branches and can be used on ATM for cash withdrawal, bill payment, mobile top-ups and purchasing goods from merchants at Point of Sale (POS) machines where PayPak Cards are accepted. Allied EZCash offers greater security with PIN for Point-of-Sale (POS) Transactions as well i.e. use of Prepaid Card for shopping requires cardholders to enter PIN to authorize their purchase transactions.
While Allied EZCash Prepaid Card is designed primarily to target the un-banked/walk-in customers, ABL’s existing customers/Accountholders can also avail this new product to manage and secure cash-in-hand.
Eligibility Criteria for Prepaid Card Issuance
Individuals/ persons having valid CNIC/SNIC/NICOP who fulfill the application requirements and upon successful verification through NADRA’s system can obtain Allied EZCash Prepaid Card from any ABL branch.
Maximum Aggregate Loadable Amount/Credit
The total amount that can be loaded in a Prepaid Card in a calendar year either in one instance or multiple, including any balance amount carried over from the preceding year, should not exceed the allowed maximum limit as given below:
PKR 500,000 for customers verified biometrically.
PKR 100,000 for customers verified through NADRA Verisys/ Vernic (in case of failure of biometric verification).