Allied Bank, Euronet Pakistan, and Giift Management Asia PTE join hands to bring world-class Loyalty solutions for end-user

Allied Bank, Euronet Pakistan, and Giift Management Asia PTE join hands to bring world-class Loyalty solutions for end-user

Allied Bank, Euronet Pakistan , and Giift Management Asia PTE have entered into a strategic partnership to introduce first of its kind Enterprise Loyalty Solution in Pakistan whereby Allied Bank’s customers will be able to earn and redeem reward points both in domestic and international markets. The solution will have a marketplace offering a variety of products for reward points redemption.

ABL customers will be able to redeem their reward points on 900+ international airlines, 500,000+ hotels, 1,000+ airport lounges alongwith an opportunity to redeem points against Gift cards/vouchers accepted at 1500+ global brands such as Starbucks, Amazon, Netflix, iTunes, etc.

The signing ceremony was held at Allied Bank’s Head Office, Lahore, and was attended by senior management of the collaborating parties.

Speaking at the occasion, Sohail Aziz, Chief Digital Banking Group, Allied Bank, said, “ABL, being one of the leading banks which has heavily invested in shifting customer behavior to “Digital First”, is introducing yet another solution to reinforce its digital banking footprint. ABL has already shifted its above 70% of banking transactions to digital and the loyalty program will help incentivizing ABL customers to further boost digital adoption.  This agreement shows ABL commitment in providing world-class solutions to its customers which matches their unique lifestyle and are tailored to meet their local banking needs.”

Speaking at the occasion, Kashif Gaya, Chief Executive Officer of Euronet Pakistan said; “We are happy to onboard Allied Bank as our first client in Pakistan onto this market leading enterprise-wide loyalty solution. Our goal is to offer diversified digital-first value propositions to our clients and we believe that this end-to-end loyalty and rewards eco-system, along with international and domestic redemptions, will enable ABL to further expand its digital adoption and customer engagement across all its products, services and channels.”

Speaking at the occasion, Farah Sabbar, Managing Director GCC of Giift said; “In the context of Giift global expansion, we are proud to develop our presence in Pakistan, one of the important loyalty marketplaces in Asia. This strategic partnership facilitated by Euronet will add tremendous value to the Allied Bank’s ‘Digital First’ initiative; thanks to our comprehensive end-to-end loyalty technology alongside setting industry benchmarks in Pakistan.”

About Allied Bank

ABL is one of the leading banks in Pakistan having a large network of over 1425 online branches & 1570 ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.

About Giift

Giift serves the multifaceted loyalty industry across three main functions including Loyalty Issuance, Loyalty Exchange, and Loyalty Payment. Founded in 2013, today Giift manages 50k+ programs across 55+ countries and over 130 million users.

About Euronet:

Euronet Pakistan is a division of Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers, and individual consumers.