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.
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Series A Funding
KARACHI: Soneri Bank Limited and Mastercard announced the launch of the Mastercard World debit card and FalconPay services for the bank’s customers. FalconPay (powered by Mastercard) is a mobile financial services platform provided by Inov8. It will allow Soneri Bank to target new market segments within its mobile banking platform.
