Bank Alfalah has entered into partnership with Lootlo.pk – an e-commerce website – for issuance of Pakistan’s first ever discount debit card ‘Go Lootlo Wallet’.
Lootlo is one of Pakistan’s oldest discount deals website providing discounted online shopping since July 2013. It offers a wide range of discounted merchandise and services including restaurants, salons, hospitals, car services and products like clothing, footwear etc.
What is Go Lootlo?
On ‘Go Lootlo’ discount debit cards, customers can avail discounts at over 500 retailers with over 2,000 outlets all over Pakistan. With UnionPay International being the exclusive Payment Gateway Partner, ‘Go Lootlo’ debit cards will be accepted all over Pakistan and internationally, including over 30 special discounts available in Dubai alone.
Another great advantage of the ‘Go Lootlo Wallet’ is that it offers free Personal Accident Insurance to all cardholders with no minimum deposit condition, a service for which conventional banks require customers to have a minimum deposit or balance maintenance conditions.
Moreover, the ‘Go Lootlo’ cardholders enjoy the additional benefits of Free Personal Accident Insurance including Accidental Death of Rs. 200,000, Permanent Disability/Temporary Disability of Rs. 200,000 and Accidental Hospitalization benefits of Rs. 30,000.
Providing added ease and convenience to the customers, the discount debit cards can be topped-up at any of the Bank Alfalah branches or agents spread across the country or ‘Go Lootlo’ branches or agents nationwide.
The agreement was signed by Amaar Naveed Ikhlas of Bank Alfalah and Fahad Mehmood of Lootlo.pk here at a local hotel in the presence of high officials from both the organizations and other dignitaries. Under the agreement, Bank Alfalah will enable Lootlo to offer real-time offline discounts through the ‘Go Lootlo’ discount debit cards, a first-of-its-kind initiative in Pakistan.
Commenting on the development, Amaar Naveed Ikhlas of Bank Alfalah said: “Bank Alfalah has rolled-out multiple initiatives to promote e-commerce in the country which we see as a ripe opportunity to strengthen Pakistan’s economic growth. Bank Alfalah and Lootlo.pk’s partnership will set a higher precedent through innovative and value-added products and services for e-commerce customers.”
Sharing his thoughts on this, Fahad Mehmood of Lootlo.pk said: “I believe this partnership will go long way in ushering ease and access to our mutual customers besides inspiring customer loyalty and credibility towards financial inclusion and e-commerce in Pakistan.”
Bank Alfalah manages a leading-edge digital ecosystem of a host of digital products and services to promote digital technology in Pakistan. It lends its products and services to various banking and financial players to cater to the needs of Pakistani customers.