15th January 2024, Shanghai，Habib Bank Limited (HBL) of Pakistan and UnionPay International (UPI) jointly  announce to strengthened over a decade successful partnership and ,  commitment to further elevate their collaboration by signing a strategic partnership agreement today in Shanghai. The agreement focuses on introducing UnionPay branded premium debit cards, positioning them for both existing and new bank customers. This agreement reflects the mutual dedication of both institutions to providing innovative and convenient payment solutions to their customers.

The signing ceremony, a momentous occasion symbolizing the strengthened ties between HBL and UPI, was captured in a picture that encapsulates the spirit of collaboration and strategic alignment between the two entities.

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Over the past ten years, HBL has been at the forefront, 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.

In celebration of this enduring partnership, Mr. Aamir Kureshi, Head of Consumer Agriculture and SME Banking at HBL, recently visited UnionPay International headquarters in Shanghai. During a special meeting with UPI leadership, both parties discussed the ongoing business relationship, envisioned the way forward, explored new payment product opportunities, and mapped out an implementation roadmap.

Mr. Aamir Kureshi mentioned, 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.

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

Both parties also agree to develop a strategic road map to implement a serial collaboration from accepting to issuing and innovation collaboration.