From Bernama:
EONCAP To Launch World’s First Islamic Debit Mastercard With Paypass
KUALA LUMPUR, June 2 (Bernama) — EONCAP Islamic Bank Bhd announced Monday it has obtained an affiliate licence from MasterCard Worldwide and will launch the world’s first Islamic debit MasterCard card with PayPass payment capabilities this Thursday.
The launch will reaffirm Malaysia’s global recognition for its success in obtaining full EMV (Europay, MasterCard and Visa) compliancy, a global standard to ensure that smart cards, terminals and other systems can interoperate, EONCAP said in a statement.
“It will once again place Malaysia on the world map as an innovator and pioneer in new payment conveniences with cutting-edge technology for the benefit of all consumers,” it said.