Tokenization comes to Pakistan with ABL, UnionPay and Paysys partnership

In a significant move to enhance digital payment security and user convenience in Pakistan, Allied Bank Limited (ABL) has partnered with UnionPay International (UPI) and Paysys Labs to roll out tokenization technology for mobile Tap-and-Pay transactions.

The collaboration enables ABL customers — particularly users of UnionPay-PayPak Co-Badge Debit Cards — to perform seamless, secure, and contactless payments via mobile devices. Tokenization technology replaces sensitive cardholder data with unique digital tokens, improving transaction security and speed.

ABL, one of the largest issuers of UPI-PayPak Co-Badge Debit Cards in the country, will now offer tokenized payment solutions as part of its broader digital transformation strategy.

The launch event was held at the Paysys Labs Head Office in Karachi and was attended by senior representatives of all three organizations. The initiative is seen as a key step toward modernizing Pakistan’s digital payments infrastructure.

Muhammad Kamran Zeb, Group Head Cards & Acquiring Business at ABL, said the adoption of tokenization reflects the bank’s commitment to innovative and customer-focused solutions.

Nadeem Haroon, UPI’s Country Head for Pakistan, highlighted the role of tokenization in creating a secure and efficient payment environment. Karim Jindani, CEO of Paysys Labs, emphasised the importance of adopting advanced technologies to enhance the digital payment experience.

Karim Jindani, CEO of Paysys Labs, remarked, “At Paysys Labs, we are dedicated to empowering digital payment systems with the latest technologies. This collaboration will elevate the payment experience for users while ensuring the highest standards of security.”

About Allied Bank

Allied Bank Limited (ABL) is one of Pakistan’s leading financial institutions, boasting a robust network of over 1,500 online branches and 1,650 ATMs nationwide. ABL offers a wide range of technology-driven products and services to its diverse customer base. Visit ABL’s website.

About Paysys Labs

Paysys Labs is a leading payment technology provider based in Pakistan, offering a comprehensive suite of solutions including digital payment systems, mobile wallets, and other innovative financial technologies. Paysys is dedicated to delivering secure and advanced payment solutions that enhance transaction speed, reliability, and security.

By leveraging the latest advancements in payment technology, Paysys Labs empowers businesses of all sizes to manage financial transactions seamlessly and efficiently. With a strong focus on customer satisfaction, it plays a key role in shaping Pakistan’s digital payment ecosystem through innovations like tokenisation, mobile payments, and contactless technology. For more information, visit https://www.paysyslabs.com/

About UnionPay International (UPI)

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2600 institutions worldwide, UnionPay International has enabled card acceptance in 183 countries and regions with issuance in 84 countries and territories. UnionPay International offers high-quality, cost-effective, and secure cross-border payment services to the world’s largest cardholder base. It ensures convenient local services to a growing number of global UnionPay cardholders and merchants.