HBL Enables E-Commerce Transactions For All Paypak Cards
HBL becomes the first bank to enable PayPak e-Commerce acceptance on its Internet Payment Gateway (IPG). The gateway that currently services over 400+ e-Commerce merchants, will allow PayPak cardholders to securely perform transactions with e-Commerce merchants via HBL.
HBL and 1LINK take pride in expanding financial inclusion across the country and believe that such initiatives will prove to be a milestone for not just PayPak users, but also for the development of Pakistan’s digital payments and e-commerce landscape.
On the occasion, Mr. Najeeb Agrawalla, CEO 1LINK, commented: “HBL has always been at the forefront of digitization and we value our partnership with HBL. This enablement brings PayPak one step closer to ubiquitous acceptance across the digital payment channels, of which e-Commerce is the new normal in the wake of the pandemic.”
On Wednesday, the DG IT-operations for PITB (Punjab Information Technology Board) discussed fintech opportunities in a meeting with Mastercard’s country manager for Pakistan, Atyab Tahir. The meeting involved detailed briefings relating to the fintech projects, and the benefits Internet Payment Gateway (IPG) services can bring.
According to the PITB,
“Mastercard has shown keen interest in collaborating with PITB and lauded the digital fintech journey of PITB.” The project director, e-Pay Punjab Malik Ihsan Ali, gave a detailed briefing on fintech projects. The stakeholders also discussed the potential benefits of the Internet Payment Gateway (IPG) services.
The PITB officials also met Nadeem Haroon – country manager, China Union Pay, to discuss opportunities of a similar nature surrounding fintech. China Union Pay is another key stakeholder that has shown interest in collaborating with PITB.