MasterCard has reached a strategic collaboration with Pakistan’s NADRA Technologies to optimise National ID cards with electronic payments functionality in the country.
The partnership will enable Pakistani denizens to execute financial transactions and receive government disbursements using the unique 13-digit identification number of their identity card.
Additionally, citizens can use their National ID to send and receive domestic and international remittances, and they do not have to physically visit a bank branch or currency exchange house to meet their money transfer needs.
According to the agreement, MasterCard will also use its next-generation payment processing technologies to process all online payments made by Pakistani citizens for the issuance of National ID cards, passports or any other document provisioned by NADRA Technologies.
MasterCard division president of MENA Khalid Elgibali said: “This is a huge step forward in our efforts to expand financial inclusion in Pakistan.
“As the nature of personal and business transactions becomes more sophisticated, MasterCard is dedicated to pioneering solutions that enable payments in a swift, convenient and reliable manner.
“We are excited to partner with NADRA Technologies to turn the National ID card into a singular touch point for payments and remittances, and thus open up avenues that minimize handling of cash in favour of a more secure electronic payment method.”