Pak­istan’s Bank Al­falah part­ners with Mastercard for Master­pass QR

Users of the bank’s ded­i­cated mo­bile app ‘Alfa’ will be able to make easy and se­cure pur­chases with a few taps on their mo­bile de­vices

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KARACHI: In a move aimed at fur­ther driv­ing the cash­less ecosys­tem in Pak­istan, Mastercard, a lead­ing tech­nol­ogy com­pany in the global pay­ments in­dus­try, has col­lab­o­rated with Bank Al­falah Lim­ited, the coun­try’s premier bank­ing in­sti­tu­tion, to en­able its Master­pass QR ser­vice on the bank’s ded­i­cated mo­bile bank­ing app ‘Alfa’.

As Pak­istan’s first in­ter­op­er­a­ble dig­i­tal pay­ment ser­vice, Master­pass QR is a quick re­sponse (QR) mo­bile so­lu­tion that al­lows con­sumers to make sim­ple and se­cure dig­i­tal pay­ments across de­vices and chan­nels. The cost-ef­fec­tive so­lu­tion, which first went live in Pak­istan in Au­gust 2016, makes it easy for users to pay for pur­chases made in-store and for a wide va­ri­ety of goods and ser­vices.

With the in­te­gra­tion of the QR pay­ments so­lu­tion from Mastercard into the app, Bank Al­falah’s cus­tomers will be able to make fast, sim­ple and se­cure dig­i­tal pay­ments at any place where Master­pass QR is ac­cepted. At the time of check­out, con­sumers will ‘sim­ply scan to pay’ by ac­cess­ing the Master­pass QR func­tion­al­ity on the Alfa mo­bile app, and then scan­ning the QR code dis­played at the mer­chant’s check­out counter. There­after, they are only re­quired to en­ter the amount of the trans­ac­tion and their PIN, to com­plete the trans­ac­tion in sec­onds.

KARACHI: Mastercard has col­lab­o­rated with Bank Al­falah Lim­ited to en­able its Master­pass QR ser­vice on the bank's ded­i­cated mo­bile bank­ing app 'Alfa'. Mr. Au­rangzaib Khan, Coun­try Man­ager, Pak­istan and Afghanistan, Mastercard is seen ex­chang­ing doc­u­ments with Mr. Nau­man An­sari, CEO Bank Al­falah after the sign­ing.

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