MasterCard has expanded its presence in Middle East and Africa region by opening a new office in Karachi, Pakistan.
The new office MasterCard Pakistan will offer various payment services, such as debit, credit, prepaid, corporate, MasterCard Payment Gateway Services, MasterCard Rewards Solutions and digital payment solutions.
The company has recently launched Masterpass QR in Pakistan. Masterpass QR is a digital payment service that allows banking consumers to use their mobile banking app to pay for in-store, bill payments (invoices) and for delivery with one secure account.
MasterCard division president for Middle East and North Africa Khalid Elgibali said: “Pakistan has always been a key strategic market for MasterCard and in the last couple of years, we have further sharpened our focus in the market to tap into the country’s tremendous growth potential and appetite for innovation in payments technology.
“We are proud of the strong business relationships we share with all the prominent partners across the country, and look forward to collaborating and engaging with them on a deeper level to advance the cause of financial inclusion in Pakistan and drive the country’s shift from cash to a cashless economy.”