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Silkbank Furthers E-Commerce Drive with Introduction of VCAS Powered Credit score Playing cards

Silkbank Ltd – one of many main and fastest-growing client banks within the nation with 123 branches in 39 cities – is providing Visa bank cards with premier advantages, a number of layers of safety, reliability, and world acceptance. With the rising focus in the direction of digitalization within the ‘post-Covid’ financial system, it’s crucial for banks to offer ease and facilitation to their clients to carry out on-line transactions.

Maintaining with this spirit and the dedication in offering world-leading companies, Silkbank has partnered with Visa to make the most of the worldwide digital funds chief’s ‘Visa Client Authentication Service’ (VCAS), which offers the financial institution Danger-Based mostly Authentication (RBA) to scale back fraud and false declines for improved on-line authentication service.

With this partnership, Silkbank is quickly to change into the primary financial institution within the nation to supply this 3DS compliant characteristic, which not solely delivers a greater on-line expertise for cardholders however leverages the ability of information to present cardholders peace of thoughts when procuring on-line.

Commenting on Silkbank’s digital-drive, Shahram Raza Bakhtiari – Director Retail Banking, mentioned, “Our goal is to be prepared for the brand new period in banking the place clients will rely extra on digital options and for this goal our strategic partnership with Visa will go a good distance. This initiative is a mirrored image of our resolve in offering our clients unmatched comfort with out compromising on the safety.”

Kamil Khan, Visa’s Nation Supervisor Pakistan & Afghanistan, mentioned: “Whereas the present circumstances have reimagined shoppers’ procuring patterns and prompted retailers to go surfing rapidly, client expectations remained the identical – they need straightforward funds which are additionally safe.”

“We’re delighted that our companions have chosen Visa Client Authentication Service, which allows Silkbank to supply smarter authentication choices and ship the safe and seamless fee experiences shoppers search. This is a vital step ahead in each Visa and Silkbank’s efforts to drive digital commerce in Pakistan,” he added.

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