MCB, MasterCard to provide internet gateway services to businesses

KARACHI - MCB Bank and MasterCard on Tuesday (today) announced their collaboration to provide Internet Gateway Services to businesses in Pakistan.
The launch of this new service follows the signing of an agreement between Imran Maqbool, President and CEO of MCB Bank Ltd, and Michael Miebach, President, Middle-East & Africa Region, MasterCard.
“The new Gateway will make it very easy for business owners to take their businesses online and accept card payments online,” said Imran Maqbool. “This will enable them to provide convenience to their customers, increase outreach and easily scale up their operations.” “With over 30 million internet users, businesses in Pakistan have a huge opportunity to tap into the e-commerce market. Along with presenting a number of advantages to the consumer – including speed and convenience, e-commerce has a multitude of benefits for business owners. The MasterCard Internet Gateway Services (MiGS) is a reliable and secure e-commerce platform that will help businesses access millions of new consumers that use the internet and also allow them to tap into new markets,” said Miebach.  MCB boasts one of the largest merchant acquiring networks in Pakistan and is a leading player in the digital payments space. MasterCard is a major global player in digital payment technology. Through this collaboration, the two companies will play a pioneering role in the imminent e-commerce and digital payments revolution in Pakistan.

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