Left to Right (Sitting): Aurangzaib Khan – Area Head for Pakistan & Afghanistan, Mastercard, Khalid Elgibali – Division President MENA Region, Mastercard , Adeel Bajwa – CEO Dhabi Group, Bashir Sheikh – Co-CEO & Co-Founder, Inov8 Limited Left to Right (Standing): Nabeel Ahmad – Vice President Business Development Pakistan & Afghanistan, Mastercard, Hasnain Sheikh – Co-CEO & Chariman Inov8 Limited
Inov8 – Official Release
Powered by Masterpass, FalconPay offers a one-stop payment solution that works across multiple platforms, banks, e-commerce and retail stores in Pakistan
Dubai, UAE – September 5, 2016: Demonstrating a shared commitment towards nurturing a strong cashless environment in Pakistan, Mastercard, a leading technology company in the global payments industry, and Inov8 Limited, one of the fastest growing financial technology companies in the region– have announced a collaboration that will oversee the rollout of an innovative, next-generation digital payments service over Inov8’s ‘FalconPay’ platform.
As part of the collaboration, Mastercard will power Inov8’s FalconPay platform using its digital wallet solution, Masterpass, to establish a ‘ready to integrate’ digital platform for all banks in Pakistan. This will enable the banks’ consumers to pay for in-store, online and on-the-go purchases, book movie and bus tickets, make bill payments, enjoy conveniences such as mobile airtime top-ups and much more using the FalconPay mobile application that will be linked to their bank or the bank’s wallet account. Continue reading
Tags: technology, Business, news, industry, ceo, financial services, mobile payments, consumers, network, Aurangzaib Khan, bill payments, payment models, travel, branchless banking, shopping, company, Hasnain A. Sheikh, Dubai, branchless, Khalid Elgibali, retail, mobile payments company, financial institutions, falcon, Adeel Bajwa, merchants, inclusion, Funding, on-the-go, UAE