MCB Bank Limited (MCB), one of Pakistan’s largest banks, has teamed with UnionPay International (UPI), a leading provider of cross-border payment services, to provide eCommerce firms using MCB eGate with access to UnionPay International’s globally known payment services.
Under the terms of the agreement, MCB Bank will make UnionPay International a payment option in the MCB eGate internet payment gateway service for partner eCommerce enterprises. All eCommerce firms that use the MCB eGate service will now be allowed to accept payments from UnionPay International Debit and Credit Card holders, who will be able to conduct online payments on their platforms.
The agreement was signed between Mr. Muhammad Azam Naeem, Business Head, Digital Banking, MCB Bank and Mr. Nadeem Haroon, Country Manager, UnionPay Pakistan at MCB House, Lahore. Mr. Shahzad Ishaq, Group Head, Consumer & Digital Banking, MCB Bank, Mr. Jasim Ahmed Waheed, Department Head Acceptance, Digital Banking, MCB Bank, Mr. Umer Qasim, Product Manager eCommerce and Payment Gateway, Digital Banking, MCB Bank, Mr. Kashif Ali, Ali Abbas & Mehtab Haider from UnionPay International were also present at the ceremony.
Speaking at the occasion, Mr. Shahzad Ishaq said “at the heart of all our digital initiatives is enhancing customers’ access to payments, convenience and ease of doing transactions. Simultaneously, we would enrich the value proposition provided to Bank’s eCommerce merchants. Through our agreement with UnionPay International, our partnering eCommerce merchants stand to benefit from the potential business with over 12 million UnionPay cardholders in Pakistan.”
Mr. James Yang, General Manager UnionPay International Middle East, also added “UnionPay has the world’s largest cardholder base issued across 70 countries and regions. Providing security and effortless convenience for all of our customers is key when looking to the future. Supporting both merchants and consumers, UnionPay International invests significantly in technology and innovation to deliver a range of leading products, all adhering to the highest standards of security and protection.”