The bank is reckoned to reach fantastic heights with the moves it’s into. Bank Alfalah has recently partnered with the one of its type – the long known and famous – Lootlo.pk – an amazing eCommerce website to issue Pakistan’s first ever discount debit cards.
Called ‘Go Lootlo Wallet’, the agreement was signed by Amaar Naveed Ikhlas of Bank Alfalah and Fahad Mehmood of Lootlo.pk. The event marked attendance of high officials from both setups.
As per the partnership, Bank Alfalah will allow Lootlo.pk to give immediate offline discounts through with the ‘Go Lootlo’ discount debit cards which is one-of-its-kinds initiative in the country.
With ‘Go Lootlo’, customers can benefit discount from up to 500 retailers and more than 2000 outlets located in different parts of Pakistan. Union Pay is the exclusive Payment Gateway Partner making ‘Go Lootlo’ locally and internationally recognized card in the world. There are over 30 special discounts available, only in Dubai.
Not just this, another great advantage of the debit card is that it offers Personal Accident Insurance, free to all cardholders. This brings about no condition for minimum deposit, something which the conventional require from customers to have balance maintenance conditions or least deposit.
Additionally, the cardholders of ‘Go Lootlo’ relish extra 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.
These cards can be topped from any branch of Bank Alfalah, adding to the ease and convenience of customers.
Stating on the brilliant move, Amaar Naveed Ikhlas of Bank Alfalah said, “We are glad to partner up with Lootlo.pk which is a prominent e-commerce site, striving to promote e-commerce in the country. It is something closer to our hearts too as it can prove pivotal in increasing financial inclusion in the country besides promoting online retail. Bank Alfalah has rolled-out multiple initiatives to promote e-commerce in the country which we see as a ripe opportunity to strengthen Pakistan’s economic growth. Bank Alfalah and Lootlo.pk’s partnership will set higher precedent through innovative and value-added products and services for e-commerce customers.”
While Fahad Mehmood of Lootlo.pk said, “We are excited to enter into this significant partnership with the country’s leading banking institution, Bank Alfalah for issuance of Go Lootlo debit cards. With Bank Alfalah’s weight behind us, I believe this partnership will go long way in ushering ease and access to our mutual customers besides inspiring customer loyalty and credibility towards financial inclusion and e-commerce in Pakistan.”
Bank Alfalah aims to host digital products and services to endorse digital technology of Pakistan.