UBL Launches Wiz Virtual Card for Online Shopping

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If you have a bank account, it’s likely that you carry your debit/credit card with you wherever you go. And if you have multiple bank accounts, your wallet might be cursing you for it.

Not to mention using your card online also carries a risk of your info getting stolen.

UBL might have a solution to make your online shopping easier, enter the Wiz Virtual Prepaid Card. This is similar to Easypaisa virtual debit card which did pretty much the same thing.

What is a Virtual Prepaid Card?

A virtual prepaid card is designed with safe and secure online payments in mind. The Wiz Virtual Prepaid Card is powered by MasterCard and works at any online store or payment portal which accepts it.

Using the Virtual Prepaid Card, you won’t need to share your debit or credit card information online every time you have to make a payment. You can get up to 5 virtual prepaid cards at a time.

How to Get UBL Wiz Virtual Prepaid Card

You need to have a UBL bank account to create a virtual prepaid card. To create a virtual prepaid card you can:

  • Log into UBL Netbanking (you need to register yourself for it)
  • Dial 111-825-888 and request a Wiz Virtual Prepaid Card

After your card is created, you will receive an SMS or an e-mail with the card number, CVV and it’s expiry date.

Charges and Card Limits

You will be charged Rs. 300+FED for creating a virtual prepaid card. If you make an international transaction, you will be charged 4% of your transaction in USD or PKR. If you use any other currency, you will not be charged the fee.

Reloading the virtual card is free.

In case your payment is declined or rejected, you will be fined:

  • Rs. 5 on a local transaction.
  • Rs. 35 on an international transaction.

If you have been biometrically verified at UBL you will have a limit of Rs. 500,000 per year. Otherwise you’ll have to make do with Rs. 100,000 per year.

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