Are you looking to shop online or make payments without worrying about currency exchange rates? Check out these top 5 virtual card providers in Pakistan! These providers offer prepaid cards that can be used for online transactions with no fees. So whether you’re looking to book a hotel, purchase airline tickets, or shop for your holiday gifts, any providers will help you get the best deal possible. Read on for more information about each provider, and find the one that’s right for you!

Due to increased online shopping and payments, virtual card providers have become popular in Pakistan. There are some virtual card providers in Pakistan, but we have compiled a list of the top 5 based on their services, features, and customer satisfaction. Keep reading to learn more about each provider and decide which is best for you!

You can Check the Best Bank for Freelancers in Pakistan.

What is a virtual card?

virtual card in pakistan

A virtual card is a digital representation of a credit or debit card that can be used to make online purchases. Virtual cards are typically issued by banks or credit card issuers and linked to the user’s existing account. They can be used anywhere that accepts credit or debit cards but are not physical cards that can be used at brick-and-mortar stores.

Why you should use a virtual card

There are many different reasons you might want to use a virtual card. Maybe you’re worried about your credit card information being stolen. Maybe you don’t want to deal with carrying around a physical card. Or maybe you like having another layer of security between your personal information and potential hackers. Whatever your reason, using a virtual card is a great way to protect yourself online.

The benefits of using a virtual card in Pakistan

There are a lot of great reasons to use a virtual card. Whether you’re traveling and don’t want to carry your regular credit or debit card with you or just to look for an extra layer of security for online purchases, a virtual card can be a great solution. Here are some of the top reasons to use one: 

  1. Virtual cards can help keep your personal information safe when shopping online. 
  2. They’re perfect for travel – you don’t have to worry about carrying your regular credit or debit card while you’re on vacation. 
  3. Virtual cards can help you stay organized and track your spending. 
  4. You can create a virtual card for every purchase, which makes budget

The top 5 virtual card providers in Pakistan

Pakistan is a country that is quickly adapting to new technologies, and the virtual card industry is no exception. In this blog post, we will be discussing the top 5 virtual card providers in Pakistan. Keep reading to learn more about these providers and how they can benefit you!

1. UBL virtual card

ubl virtual card

UBL virtual card is a prepaid card linked to your UBL account and can be used for online shopping, bill payments, and other transactions.

To get a UBL virtual card, you must have a UBL account and be registered for the UBL Internet Banking service. Once you have registered for the service, you can generate your UBL virtual card.

The UBL virtual card is valid for one year from the date of issuance and can be used anywhere that VISA is accepted. You can also use your UBL virtual card to purchase in stores with the MasterCard logo.

When making a purchase online, you will need to enter the 16-digit card number, the expiry date, and the 3-digit security code (CVV) on the back of the card.

You can check your UBL virtual card balance and transaction history by logging into your UBL Internet Banking account.

Card Issuance Fee: PKR. 300/- + FED

Third currency transactions: Purchase in USD & PKR 4% of the transaction amount

Acceptance: Worldwide

Card Type: Master

More Info: Check Here

2. Payoneer virtual card

PAyneer virtual card

The Payoneer virtual card is a prepaid MasterCard that can be used like any other debit or credit card. You can use it to make online purchases, withdraw cash at ATMs, or shop in stores anywhere MasterCard is accepted. You’ll need to sign up for a Payoneer account and order your virtual card to get started.

Once you have your card, you can add money to it using your Payoneer balance, a bank transfer, or receiving payments from an employer or online marketplace. There are many benefits of using a Payoneer virtual card, including shopping online without revealing your personal credit card information, getting access to your funds instantly, and having a backup card in case your physical card is lost or stolen. Plus, there are no monthly fees or hidden charges. A Payoneer virtual card is an excellent option if you’re looking for a convenient and safe way to shop online.

How to get a Payoneer Virtual Card from Pakistan?

  • Assuming you already have a Payoneer account, here’s how to order your Payoneer virtual credit card:
  • 1. Log in to your Payoneer account and go to the “Cards” section.
  • 2. Click on the “Order New Card” button.
  • 3. Select the “Virtual US Payment Service” option.
  • 4. Enter the requested information and click on the “Submit” button.
  • 5. You will be redirected to a page where you can enter your billing information. Enter the requested information and click on the “Submit” button.
  • 6. Once your card is ordered, you will receive an email confirmation.
  • That’s it! You will now have a Payoneer virtual credit card to make online purchases.

Card Issuance Fee: $29.95 Annually

Third currency transactions: UP TO 1.2% OF TRANSACTION AMOUNT

Acceptance: Worldwide

Card Type: Master

More Details: Click Here

3. Alfa virtual debit card

Alfala Virtual Debit Card

Bank Alfa virtual debit card is a new way to use your money. You can use it to shop online, in stores, and anywhere Mastercard is accepted. Plus, you can get cash back with every purchase.

With the Bank Alfa virtual debit card, you can:

– Shop online, in stores, and anywhere Mastercard is accepted

– Get cash back with every purchase

– Manage your money with the Bank Alfa mobile app

To get started, sign up for a Bank Alfa account and request a virtual debit card. Once you have your card, you can use it anywhere Mastercard is accepted. Plus, you can get cash back with every purchase. To learn more, visit our website or give us a call today.

Card Issuance Fee: 200PKR +FED

Third currency transactions: Up to 5% over the prevailing market rate or as per SBP directives

Acceptance: Worldwide

Card Type: Master

More Details: Click Here

4. Faysal bank virtual card

Faysal bank virtual card

Faysal bank virtual card is a new and convenient way to shop online. It is a safe and secure alternative to using your credit or debit card. With a Faysal bank virtual card, you can shop at any online store without having to provide your personal or financial information.

The transaction is processed through our secure server when you make a purchase with your Faysal bank virtual card. Your personal and financial information is never shared with the merchant or any third party.

How to Generate Your Virtual Card

  1. Login to your Faysal Digibank Internet Banking at https://digi.faysalbank.com/ or Mobile App.
  2. Click on the Virtual Card to choose your desired limit
  3. Generate and validate OTP to create a Virtual Card
  4. Sit back, relax and shop online

Card Issuance Fee: PKR. 120 – 550

Third currency transactions: Purchase in USD & PKR 4% of the transaction amount

Acceptance: Worldwide

Card Type: Master

More Details: Click Here

5. NayaPay virtual card

NayaPay virtual card

NayaPay virtual card is a reloadable prepaid card that can be used for online shopping, paying bills, and making other payments. It is convenient and easy to use, and most online merchants accept it. You can also use NayaPay virtual card to withdraw cash from ATMs.

NayaPay virtual card is an excellent alternative to traditional credit cards. It is ideal for those who do not have a credit card or want to avoid the high-interest rates associated with credit cards.

You can get a NayaPay virtual card by signing up for an account with NayaPay. Once you have an account, you can add funds to your card and use it anywhere that accepts Visa or MasterCard. You can also withdraw cash from ATMs with your NayaPay virtual card.

Card Issuance Fee: Free for 1st time ( Then 600PKR )

Third currency transactions: 3% OF TRANSACTION AMOUNT

Acceptance: Worldwide

Card Type: VISA

More Details: Click Here

Conclusion

Virtual cards are becoming more popular every day. You’re missing out on many benefits if you’re not using them. They’re convenient, secure, and can help keep your finances organized. Not to mention, they make online shopping a breeze. Which provider will come out on top? Only time will tell.

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Niaz is a web and graphic designer with extensive SEO experience and a writer. He enjoys writing about technology, design, travel, and educational topics. In his spare time, Niaz is a paragliding pilot.

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