Easypaisa has ended its Virtual Debit Card service, as reported by ProPakistani.
The Virtual Debit Card service chipped away at an indistinguishable guideline from any debit card does. Notwithstanding, since those cards could be utilized on the web (for shopping and so on.), customers likewise used to call them as virtual credit cards also.
Subul Naqvi, from Telenor Bank’s Corporate Communications division, affirmed the news and said that the bank has chosen to pull back the administration until further notice.
While she didn’t give out the explanation for its suspension, in any case, she said that the administration will be back online soon.
She said that all Virtual debit card service clients were thoroughly informed about the choice
“Easypaisa App users who had generated or were using their Virtual Debit Card were inform that the service would no longer work if they used their card online”, Subul said.
In the matter of why the service was suspended, rumors affirmed that State Bank of Pakistan requested that Telenor Bank close down the administration as Microfinance banks are not permitted to offer online installments, especially virtual debit card service.
State Bank trusts that such facilities could be mishandled. One case of such mishandle was that there were occurrences when clients supposedly purchased postpaid cell services online with the virtual cards and after that deactivated (read erased) the cards just before they were going to get charged.
Easypaisa enabled clients to make as many number of cards as they needed with a limit point of two dynamic cards at any given time. This implied clients could make card, utilize it and after that erase it a boundless number of times.
You can envision how an online facility that checks the card (by charging USD 1 at the time of signup) and just charging the perfect sum after a month to month cycle could be inclined to be mishandled, particularly if a virtual Mastercard used for a similar design is erased before the charging time.
Easypaisa’s Virtual Debit Card benefit was well known. It came as a murmur of help for some Pakistanis who needed a snappy and simple approach to do internet shopping, and also on the web and offline transactions for some standard administrations, (for example, Careem, Uber, and so on).
Image via Dawn