Lahore: MCB Bank Limited (MCB), one of Pakistan’s leading banks, has reached an agreement with UnionPay International (UPI), a well-known cross-border payment service provider, to further promote the use of UnionPay International by e-commerce companies cooperating with MCB eGate. A recognized payment service.

According to the agreement, MCB Bank will allow cooperative e-commerce companies to use UnionPay International as a payment solution in the MCB eGate Internet payment gateway service. Looking ahead, all e-commerce companies using MCB eGate services will be able to obtain patronage from UnionPay international debit and credit card holders, who can now conduct online payment transactions on its platform.

The agreement was signed at MCB House in Lahore by Muhammad Azam Naeem, Head of Digital Banking of MCB Bank, and Nadeem Haroon, Country Manager of UnionPay Pakistan. Shahzad Ishaq, MCB Bank Consumer and Digital Banking Group Head Jasim Ahmed Waheed, MCB Bank Digital Banking Business Acceptance Department Head Umer Qasim, E-commerce and Payment Gateway Product Manager, Digital Bank, MCB Bank, Kashif Ali, Ali Abbas and UnionPay International Mehtab Haider also attended the ceremony.

Shahzad Ishaq said at the meeting: “The core of all our digital plans is to enhance customers’ payment channels, convenience, and transaction convenience. At the same time, we will enrich the banking e-commerce merchants Value proposition. Through our agreement with UnionPay International, our cooperative e-commerce merchants will benefit from potential business with more than 12 million UnionPay cardholders in Pakistan."

James Yang, general manager of UnionPay International Middle East also added: “UnionPay has the largest cardholder base in the world, with card issuers in 70 countries and regions. Looking to the future, providing security and ease of convenience for all our customers is the key. To support merchants and consumers, UnionPay International has invested heavily in technology and innovation to provide a series of leading products, all of which follow the highest safety and protection standards."

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