BANK ALFALAH BRINGS MASTERCARD INTERNET PAYMENT GATEWAY TO PAKISTAN. Bank Alfalah and MasterCard signed an agreement to make MasterCard Internet Gateway System (MIGS) Pakistan, he said by the company issued a statement.
The proposed system will accept credit cards online businesses and website customer connections on the Internet. The system will allow online merchants to get paid directly into their bank accounts.
This partnership is of great significance, because it brings together the leading credit card service provider in Pakistan, Bank Alfalah and MasterCard’s expertise and technology in one place.
Speaking on the occasion, Mr. and Atif Ba Jiewa, president and CEO, Bank Alfalah said, “We will continue our pursuit to develop a world-class payment ecosystem in Pakistan, creating value and convenience for our customers, distributors and partners. Bank Alfalah will use its flagship merchant acquiring business, through space MIGS development of electronic commerce in the country. ”
Mr. Raghu Malhotra, president, Middle East and North Africa, MasterCard, commented: “We are delighted to announce this deal with Bank Alfalah, we will continue to promote development in Pakistan pay business owners can now easily put their businesses. online and their customers the convenience of electronic payment and security. ”
Pakistan still no viable, feasible online payment solutions. We have to see if the bank Alfalah can use this huge untapped, but multibillion-dollar market.