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Tag Archives: credit cards

Growth of consumer financing in Pakistan: issues & challenges

  Consumer financing has emerged out as one of most prolific aspects of banking in Pakistan as its products including credit cards, personal loans, auto loans and housing mortgage getting prominence and likely demand. It not only contributes towards facilitating the life patterns of consumers, but proves to be a source of improvement for the image building of the banks. Banking sector dealing in consumer finance products has witnessed an …

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SECP’s online payment facility through credit cards gaining popularity abroad

  Bank Alfalah launches visa corporate credit cards The Securities and Exchange Commission of Pakistan (SECP)’s online fee submission facility, launched this year has gained currency and now the Commission has been regularly receiving fee through credit cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through credit cards in its eServices …

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Credit Cards — benefits and risks for banks and consumers

  Credit cards promote the concept of plastic money whereby a user can purchase any product or service without having to carry cash. Credit cards allow secure method of payment online. Large payments e.g. fridge, television, furniture, airline tickets, expenses on international travel are done through credit cards. Through the usage is quite prevalent in Western markets where credit cards have replaced currency altogether, in Pakistan credit cards are seen …

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