HBL to Launch Pakistan’s First Mobile Point-of-Sale ( mPOS ) Service

HBL to Launch Pakistan’s First Mobile Point-of-Sale ( mPOS ) Service

HBL has signed agreements with MasterCard and Monet for the introduction of the first Mobile Point-of-Sale (mPOS) service of Pakistan.

Faiq Sadiq, Head Payment Services, HBL, Aurangzaib Khan Country Manager Pakistan & Afghanistan MasterCard and Ali Abbas Sikander (Chief Executive Officer, Monet) were present at the signing ceremony of the agreement at HBL’s head office in Karachi.

The mPOS technology “Swipe2Pay”, powered by Monet is a new and secure service that will allow small traders and dealers to accept payments through credit, debit and prepaid cards by just swiping.

[blockquote cite=”Faiq Sadiq”] HBL is proud to be the first bank in Pakistan to rollout the mPOS technology which will cater both to the consumer and merchant’s need for a faster, more convenient and cost effective way to pay and be paid. It will also enable payment automation in merchant segments which is not effectively covered by conventional POS.
[/blockquote] [blockquote cite=”Aurangzaib Khan, Country Manager- Pakistan & Afghanistan, MasterCard”] With innovation at the heart of everything we do, it is truly exciting to be a part of the rollout of the first ever mPOS service in Pakistan. This solution will enable all types of retailers, large and small, to take advantage of the world’s fastest payment processing network in-store, off-premises, or on the move. Mobile devices are fast becoming the preferred platform to conduct payments as they offer a fast, convenient, and secure payment option for merchants and consumers alike.
[/blockquote] [blockquote cite=”Ali Abbas Sikander, CEO at Monet”] Monet has worked in collaboration with HBL on this innovation and this intelligent mobile POS is able to complete any type of transaction from Credit / Debit cards to real time bill payments and ATM cash withdrawals / deposits. By leveraging the power of cloud computing and mobility, we are simplifying transactions and this partnership brings us closer to achieving our vision of redefining how small and big businesses work, its impact on consumers and for financial inclusion in general.
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