Habib Bank Limited and National Institutional Facilitation Technologies (NIFT) have recently signed an agreement that will enable all account-based payments to HBL Pay’s (IPG) via NIFT’S ePay platform. All e-commerce merchants who are using HBL pay can benefit through his agreement. They will have wider payment opinions and will have increased payment flexibility. Moreover, HBL customers can also make payments who are using NIFT’s ePay Platform.
SBP Launches Digital Cheque Clearance, Unified QR Codes – learn more here.
Customers who have been using HBL Pay could make transactions via Visa, MasterCard, UnionPay, and PayPak debit or debit cards. Through this partnership, all e-commerce merchants can make payments from all NIFT’s banking partners. Likewise, e-commerce merchants who are using NIFT’s ePay Platform can also collect payments through HBL’s payment channel from all other banking channels.
CIFIO at HBL, Abrar Mir, said on the occasion,
“This partnership is another step in our journey towards achieving our goal of transforming the online shopping experience for customers. Through this partnership, we are now empowering individuals by enabling inclusion of all those account holders of other banks who are currently excluded from e-commerce shopping opportunity because of no access to a debit or credit card. “
This partnership will further help promote financial digitization and financial inclusion – two major focus areas of the government.
What is CxO Global Forum?
The CxO Global Forum Network is an invitation-only membership exclusively for Chief investment/information officers and technology officers, financial & marketing, executive officers & country heads from the world’s largest and most influential companies. The forum is to get global exposure especially in digital transformation & innovation around the globe.
