What is the difference between an Acquiring and Issuing Bank?

Answers from the sources

  1. Allied Bank Limited

    “The acquiring bank handles the merchant’s side of the transaction, while the issuing bank provides the card to the customer and manages their account.”

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urn:readyscan:corpus:buyer-question:allied-bank-limited-q4732553-answer-311a5e558ffd1fd9c06f
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fnv1a64:b9538f7541d26e6c
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Published
2026-10-23
Modified
2026-10-23
ready-scan-subjects/Q4732553
revision Q4732553:content:1365a5b372b10c12

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