The latest news coming from the MasterCard officials is that Mastercard Officially Starts Its Operations in Pakistan. The reason behind this step is that the MasterCard officials strengthen their power in all over the world including Asian countries so that’s why now they are starting their setup in Pakistan which is very good news for Pakistan.
MasterCarde is basically a tech company in payment industry which started the operations in Pakistan on Tuesday with the opening of a dedicated Mastercard office in Karachi. Mastercard Pakistan Private Limited company will present a broad range of industry-leading payments services including like
- Mastercard Payment Gateway Services
- Mastercard Rewards Solutions and digital payment solutions.
Mastercard’s current achievements in Pakistan include the global launch of Masterpass QR. This is the Pakistan’s first interoperable digital payment service that allows banking consumers to easily use their mobile banking app to pay for in-store and the bill payments (invoices) & also can use for delivery with one secure account. We are hoping that this service gives benefit to a large number of customers with a fast, reliable & convenient payment experience on mobile banking apps.
Mastercard is also handling online payments in Pakistan, by powering two of the main banks which includes Bank Alfalah and MCB Bank. Recently, Mastercard also introduced HomeSend, a remittance solution with Meezan Bank which is one of the best Islamic financial institutions in the country. Enabling the card payments for smaller & micro merchants, Mastercard also launched the first Mobile Point-of-Sale (mPOS) service in the country in collaboration with Habib Bank Limited in 2015.