Mastercard Asia/Pacific Pte. Ltd. and the Punjab Information Technology Board (PITB) have forged a strategic alliance with MCB Bank Limited. Senior leaders from all three firms attended the ceremony, which took place at the main office of MCB Bank and marked a major advancement in the development of digital payment systems in Pakistan. By means of this collaboration, MCB Bank restates its dedication to utilizing state-of-the-art financial technology to promote financial inclusion and economic progress throughout the area.
It is anticipated that the combination of PITB’s cutting-edge Payzen platform and Mastercard’s sophisticated payment solutions would transform the digital payment market and give Pakistani consumers access to safe, real-time transaction capabilities. The agreement was signed in the presence of Mr. Imran Yousaf, Head Payment Solutions at MCB Bank, Mr. Haroon Rasul Khokhar, Project Director at PITB, and other representatives from MCB Bank, PITB, and Mastercard by Mr. Shahzad Ishaq, Group Head Digital Banking, MCB Bank, and Mr. Khurram Mushtaq, ADG, PITB.
MCB Bank Group Head of Digital Banking Shahzad Ishaq gave a speech at the event and stated, “We are excited to work with PITB and Mastercard to transform the digital payment ecosystem in Pakistan.” This Memorandum of Understanding represents a significant advancement in our dedication to offering cutting-edge, safe, and convenient payment options. Our goal is to improve our nation’s financial inclusion and economic progress by utilizing cutting-edge technologies.
“PITB is thrilled to collaborate with MCB Bank and Mastercard to bring transparent and accessible payment solutions to Pakistan,” Khurram Mushtaq, ADG, PITB, continued. All users will have a smooth and effective experience thanks to the integration of our Payzen platform with Mastercard’s payment gateway services, which will expedite both private and public transactions. This collaboration demonstrates our commitment to using technology for the good of society.
