NIB set to bring internet payment gateway

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STAFF REPORT KHI: The NIB Bank has announced that it is bringing Internet Payment Gateway in Pakistan that will allow online businesses to charge their customers through debit or credit card.

This initiative is long pending, which was first announced by PTA in 2009. After that Bank Al-falah, along with its sister concern, claimed similar deployments but nothing turned into reality.

An agreement between Mastercard and NIB has recently been signed at NIB Banks head office, Karachi, by Khurram Agha, Group Head Operations and Technology – NIB Bank, and Aurangzaib Khan, Country Manager, Pakistan and Afghanistan for MasterCard.

Now that NIB has partnered with MasterCard it is likely that MasterCard Internet Gateway Service (MiGS) will finally come to Pakistan.

With this service, merchants will be able to charge internet surfers with their debit/credit card for the services or products they sell on internet.

“Now, NIB Bank merchants will be able to process payments from cardholders on their online Web stores in real-time. As a MasterCard acquirer, NIB Bank will offer merchants world class, secure internet payment processing capabilities,” said a statement issued by the bank.


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Short Link: http://www.technologytimes.pk/?p=10301