Monday
May 21
2018

Press release: Telenor Microfinance Bank and Mastercard to boost cashless payments in Pakistan

In a major move aimed at further driving the cashless ecosystem in Pakistan, Mastercard, a leading technology company in the global payments industry, and Easypaisa, the first and largest mobile financial service (MFS) provider in the country, will now enable Masterpass QR payments for Easypaisa Mobile Account users on the Easypaisa smartphone App.

Masterpass QR is the country’s first interoperable QR payment service that allows smartphone consumers to simply scan a QR code at thousands of merchants countrywide and make instant and secure payments.

The innovative and cost-effective solution, which first went live in Pakistan in August 2016, makes it easy for customers to pay for purchases for a wide variety of goods and services.

Photo courtesy of Pabak Sarkar.

Source: PhoneWorld (link opens in a new window)

Categories
Inclusive Fintech
Tags
cashless, digital payments, financial services, fintech, Mastercard, mobile finance, mobile money, Pakistan, smartphones