Bank Alfalah to issue 150,000 free debit smart student cards for Virtual University students
A significant step towards modernizing e-banking solutions for students was taken as a delegation from Bank Alfalah Ltd visited the Virtual University of Pakistan’s Head Office in G-5, Islamabad. The visit marked the signing ceremony of agreements for the Integrated Payment Gateway (IPG) and Payroll systems.
The delegation from Bank Alfalah was warmly received by the Rector of Virtual University, Prof. Dr. Arshad Saleem Bhatti, and his team. During the ceremony, Rector, VU acknowledged the importance of these agreements, highlighting Virtual University’s commitment to embracing cutting-edge financial solutions. The new initiatives, particularly concerning IPG and Payroll, will streamline financial transactions and enhance ease for students and staff.
Discussions also focused on several potential collaborative efforts between Bank Alfalah and Virtual University, including the implementation of the 1-Bill system and the introduction of a debit card facility for students. These cards will not only serve as debit cards but also act as smart student ID cards, benefitting over 150,000 students. In addition, both parties explored opportunities for scholarships, sponsorships, and other avenues of collaboration to support students’ financial needs.
Dr. Arshad Saleem expressed enthusiasm for the long-term partnership between Virtual University and Bank Alfalah, emphasizing how these new facilities will enhance convenience for students, particularly in terms of fee payments. Students will now be able to pay their fees through the Integrated Payment Gateway, the Alfalah App, and Alfalah Transect.
The Virtual University delegation included: Prof. Dr. Arshad Saleem Bhatti, Rector, Mr. M. Ashraf Ali Khan, Director Finance, Prof. Dr. Ather Azim Khan, Registrar, Mr. Ehsan Puri, Director ICT, Dr. Faisal Tehseen Shah, Controller of Exams, Prof. Dr. Mohsin Javed, Dean, Mr. Aamir Hasan Khan, Director P&D, Mr. Muhammad Sajid Gill, Additional Director Finance
Representing Bank Alfalah Ltd were:Mr. Husnain Zaigham, Business Head North, Mr. Akmal Khattak, Regional Business Head, Mr. Umair Hassan, Area Manager, Mr. Bilal Munir, Regional Sales Manager, Employee Banking, Mr. Sohaib Malik, Senior Manager, Retail Cash Management, Ms. Mavera Salim, Branch Manager
