Bank Alfalah brings MasterCard Internet Gateway System to Pakistan

Bank Alfalah and MasterCard recently signed an agreement to bring MasterCard Internet Gateway System (MIGS) to Pakistan. The system connects online merchants and websites with customers by accepting credit cards on the internet. This partnership is of great significance as it brings together Pakistan’s leading card services provider, Bank Alfalah and the worldwide innovation pioneer in payments space, MasterCard International.

Speaking on the occasion, Mr. Atif Bajwa, President & CEO, Bank Alfalah said,

“we continue our quest to develop a world class payments eco system in Pakistan that creates value and convenience for customers, merchants, and partners. Bank Alfalah will leverage its flagship merchant acquiring business to develop the e-commerce space through MIGS in the country.”

Mr. Aurangzaib Khan, Country Manager – Pakistan and Afghanistan, MasterCard said,

“We are delighted to announce this deal with Bank Alfalah as we continue to drive the evolution of payments in Pakistan. Business owners can now easily take their businesses online and offer their customers the convenience and security of online payments.”

Hot this week

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Topics

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Bitcoin Halts Five Day Rally as Profit Taking Pulls Valuation to Sixty Two Thousand Mark

The leading digital currency pauses its recent winning streak due to short term investor selloffs despite posting positive metrics over weekly and monthly periods.

Mobilink Bank Secures Three Top Honors at FinanceAsia Awards Dominating Digital Banking Category

The top microfinance institution lands regional acclaim for financial inclusion and technological innovation amid highly resilient localized asset and loan growth.

Punjab Revenue Authority Hikes Sales Tax on Restaurants and Service Sectors to Eight Percent

The provincial revenue body revises the sales tax rate upward from five percent for card payments at food outlets, marriage halls, and multiple other services.
spot_img

Related Articles

Popular Categories