HBL & Monet signagreements with Daraz.pk to process card on delivery payments through mobile point-of-sale (mPOS)

Karachi, February 18, 2015 — Habib Bank Limited (HBL), Pakistan’s largest bank, has enabled Daraz.pk, Pakistan’s largest online store to accept credit and debit cards while delivering goods to customers’ door steps. This has been achieved through Monet’s breakthrough Swipe2Pay mPOS (Mobile POS) service which has been recently launched in partnership with HBL.

The mPOS solution enables merchants to accept payments through debit and credit cards while delivering goods to customer door steps. This replaces the existing mode of payment (Cash-on-Delivery) with a more safe and secure “Card-on-Delivery” solution. This reduces the responsibility of handling cash from the delivery cycle. The service accepts VISA, MasterCard and UnionPay cards. The mPOS can be integrated with backend systems of merchants, thus providing real time transaction data for quick decision making.

Faiq Sadiq, Head Payment Services HBL, commented: “HBL is taking the merchant business very seriously, with introduction of POS and Online card acceptance solution last year; the recent addition is mPOS which will change the landscape of how payments are made via merchant acquiring business. This will enable the POS to go to people instead of people coming to POS. The reduction of cash dependency from delivery cycle will further increase the average ticket size of such transactions, enabling merchants to sell more in a secure way.”

Muneeb Maayr, co-founder Daraz.pk added “We are excited to partner with HBL and Monet and help usher in a new era of innovative payment solutions across Pakistan. The future of online shopping lies in mobile devices, and we are happy to leverage this platform for real time payments also.”

Commenting on the launch, Monet Chief Executive Officer Ali Abbas Sikander said: “While mobile is changing the payments market, mPOS is a fast-growing area within the payments ecosystem and financial institutions are ideally placed to capitalize on it. In order to do this they must build upon existing revenues and relationships and offer a competitive proposition to merchants, which can be scaled easily to meet future business and consumer needs.”

Abbas added: “Monet Swipe2Pay mPOS is a complete solution that stretches beyond basic card acceptance which is – whilst a vital part of an mPOS offering – only one piece of the puzzle. Monet mPOS is a gateway to a fundamental shift in how merchants can service their customers. Our roadmap for merchants goes so far beyond just mPOS, incorporating value-added features to address different business needs such as geo-location services, instant payment notifications, offers and loyalty, till and stock management, person-to-person payments and more.”

About Monet Private Limited

Monet (www.monet-online.com) is a Cards and Payment services provider in Mobile, Branchless and Alternate Banking domain, working with a vision to digitize payments in the cash based economies. We operate from Karachi, Pakistan, as a completely hosted payment processor, having our own systems and infrastructure hosted and operated at our Data Centre(s) to serve the banks, FIs and merchants by furnishing their payment automation and transaction processing needs. Follow us on Twitter: @monetservices or be a part of our community on Facebook: facebook.com/monetonline

For more information, contact

Telephone: +92 3564 1123 – 27, Website: www.monet-online.com, Email: info@ monet-online.com

Habib Bank Limited and Emirates airline enter into an alliance

Karachi, November 27, 2014 (PPI-OT): HBL entered into an exclusive alliance with Emirates airline to offer HBL CreditCard customers discount offerings on online ticket purchases. This makes HBL the only bank this year to partner with Emirates airline.

The agreement was signed by Mr. Nauman K. Dar – President and CEO, HBL and Mr. Khalid Bardan – Emirates’ Vice President -Pakistan. Also present at the occasion were Ms. Sima Kamil – Head Global Branch Banking, Mr. Aamir Kureshi – Global Consumer Banking Head and other senior officials of both Emirates airline and HBL.

Speaking at the occasion, Mr. Nauman K. Dar said, “We are delighted to collaborate with Emirates airline. This complements the market standing of both organizations. With this endeavor, we foresee a long term strategic relationship with Emirates airline to fulfill a shared ambition of providing customers with a premium range of products and services”.

“Emirates is proud to partner with HBL to provide online benefits for our valued customers in Pakistan. This partnership represents the quality of service we provide our passengers and our long-standing commitment to this market,” said Mr. Khalid Bardan, Emirates’ Vice President -Pakistan.

“Booking online is a fast and convenient method for arranging travel. This partnership will enable our customers to enjoy even more convenient access to our 67 weekly flights from Pakistan to Dubai and our global network beyond.”

Through this alliance, HBL will capitalize on the increasing trend of e-commerce in the country by offering exclusive discounts to customers and further strengthen its position in the market.
Furthermore; this accord will further foster a long term strategic partnership with Emirates airline as HBL continues to deliver unparalleled value to its customers.

For more information, contact:
Habib Bank Limited
Habib Bank Plaza,
I.I. Chundrigar Road,
Karachi-75650, Pakistan
Tel: +92-21-32418000 (50 lines)
Fax: +92-21-39217511

Habib Bank Limited and MasterCard enter into strategic collaboration to introduce latest payment innovations in Pakistan

Karachi, September 10, 2014 (PPI-OT): Habib Bank Limited (HBL), Pakistan’s largest commercial bank, and MasterCard today announced a partnership which will pave the way for the introduction of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment experience to cardholders.

The announcement was made during a signing ceremony held at the MasterCard’s office in Dubai between Faiq Sadiq, Group Head – Payment Services, HBL and Raghu Malhotra, Division President – Middle East and North Africa, MasterCard.

“We are very excited about our partnership with MasterCard,” commented Sadiq. “As Pakistan’s largest bank, we recognize the importance of providing Pakistani’s with the latest and most secure payment options. Working with an industry leader such as MasterCard will help us deliver on our commitment to introduce innovative payment solutions for masses in Pakistan.”

Malhotra commented: “Pakistan is a key emerging market for MasterCard and we remain focused on driving the adoption of electronic payment solutions in the country. HBL has been instrumental in raising awareness about the numerous benefits of modern day payment solutions in Pakistan. We look forward to working with the Bank to continue providing relevant and innovative solutions that meet the evolving needs of consumers.”

In a major boost for the growth of electronic payment solutions in Pakistan, HBL, under the new collaboration will issue MasterCard payment cards including debit cards that will feature the highly-secure EMV Chip and Pin technology, prepaid cards, premium debit and prepaid cards as well as companion cards issued by HBL Express, the branchless banking arm of HBL.

Development of customized solutions that address the specific needs of consumers in Pakistan while also introducing them to the latest payment technologies will be a key feature of this landmark agreement between the two leading institutions. Furthermore, with an objective to diversify its payment solutions portfolio, HBL will also be issuing MasterCard payment solutions specifically for students and the youth.

For more information, contact:
Habib Bank Limited
Habib Bank Plaza,
I.I. Chundrigar Road,
Karachi-75650, Pakistan
Tel: +92-21-32418000 (50 lines)
Fax: +92-21-39217511

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Habib Bank Limited awarded Prime Issuer in Middle East and North Africa region by Union Pay

Karachi, June 16, 2014 (PPI-OT): HBL, Pakistan’s largest bank, launched its first card with Union Pay International in June 2013. In a matter of just 12 months it has become the largest issuer of UnionPay cards in Middle East and North Africa (MENA) region.

A ceremony was hosted by UnionPay at its international Head Quarters, Shanghai, China to recognize the leadership role of HBL in the card business in Pakistan and the MENA region. UPI appreciates HBL’s patronage and trust in Union Pay’s Brand and services. HBL was presented with UPI’s most prestigious award “The Prime Issuer of UPI cards in MENA region”.

Faiq Sadiq, Head Payment Services, HBL, speaking at the occasion said “Being the largest and number 1 bank of Pakistan, we always strive for excellence and roll out innovative solutions at competitive pricing for our valuable customers. Achieving new levels, resetting the benchmarks and challenging our own potential is now a culture at HBL. We are very proud to be a strategic partner in card issuance with UnionPay not just in Pakistan, but also across international locations where HBL flag flies”.

Mr. Lixin Wang, Chief Business Development Officer of UnionPay International, said “Today, we feel delighted to declare that HBL-Pakistan has become the largest Issuer of UnionPay Debit Cards in the entire “MENA” region. This milestone is achieved in short span of 12 Months, which itself another record manifested by HBL-Pakistan at UnionPay International.

For more information, contact:
Habib Bank Limited
Habib Bank Plaza
I.I. Chundrigar Road
Karachi-75650, Pakistan
Phone: 021-32418000 (50 lines)
Fax: 021-39217511

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Habib Bank Limited wins title of Pakistan’s Leading ATM Deployer

Karachi, May 27, 2014 (PPI-OT): HBL, Pakistan’s preeminent bank, was awarded the “Top ATM Deployer of the Year” at the 12th International E-Banking Conference and Exhibition, in Karachi for the second consecutive year. HBL has Pakistan’s largest ATM network of over 1400 ATM’s.

The award was presented to Mr. Faiq Sadiq, the Group Head of HBL’s Payment Services by Mr. Amir Malik, MD, Pakistan Software Export Board (PSEB). The ceremony was attended by senior bankers and leading local and international technology service providers.

Speaking on the occasion Mr. Faiq Sadiq said, “HBL has been offering banking services to its citizens since 1947. We are proud of this legacy and are committed to introducing new and innovative services to our customers, especially the unbanked and underserviced population of Pakistan. Over the years we have focused on enhancing our alternate delivery channels (ADC’s) which include branchless banking, Internet banking and ATM’s.”

He further stated, “HBL is embarking on the next stage of digital evolution and its customers will soon have access to Biometric ATM’s, Mobile Wallets, and enhanced Internet banking options. A landscape change is taking place in the banking industry in Pakistan whereby it will be significantly ‘Digitized’ to make it easy, convenient, efficient, secure and reliable for our customers.”

HBL aims to provide the best digital banking services in Pakistan and the bank has made sizeable investments in technological infrastructure to achieve this goal.

For more information, contact:
Habib Bank Limited
Habib Bank Plaza
I.I. Chundrigar Road
Karachi-75650, Pakistan
Phone: 021-32418000 (50 lines)
Fax: 021-39217511

The post Habib Bank Limited wins title of Pakistan’s Leading ATM Deployer appeared first on Business News Pakistan.

Habib Bank Limited celebrates Jashan-e-Haryali Mela 2014

Islamabad, May 12, 2014 (PPI-OT): HBL, Pakistan’s preeminent bank, recently organized the HBL Jashan-e-Haryali Mela in Sahiwal. State Bank Governor, Mr. Ashraf Mahmood Wathra, graced the occasion as its Chief Guest and gave the keynote address.

Mr. Wathra said, “Agricultural finance is critically important for the State Bank. The Central Bank is taking key steps to improve access to credit for farmers, including enhancing financing limits, simplifying documentary requirements, and introducing Islamic Agri-Finance. Agricultural credit has grown threefold in the past 8 years.”

The Governor expressed his gratitude to HBL for arranging and organizing the HBL Jashan-e-Haryali, advising all banks should do the same to activate financial services awareness in rural areas. On the role of agriculture in Pakistan’s economy, he called it, “Pakistan’s engine of growth”. Mr. Wathra underlined that “agriculture has the potential to increase productivity and help Pakistan acquire food self-sufficiency for equitable socioeconomic development.”

Mr. Nauman K. Dar, President and CEO, HBL, graced the occasion and in his address highlighted the significance that HBL gives to Rural Banking and HBL’s role in financial inclusion amongst rural Pakistan. Mr. Dar said: “over 45% of Pakistanis are employed by the agricultural sector; therefore it is essential that agriculture be a top priority by the financial community to ensure its role in Pakistan’s economic development.” Mr. Ashraf Wathra and Mr. Nauman Dar presented the winners of HBL’s lucky draw with gifts at the well-attended Mela.

For more information, contact:
Habib Bank Limited
Habib Bank Plaza
I.I. Chundrigar Road
Karachi-75650, Pakistan
Phone: 021-32418000 (50 lines)
Fax: 021-39217511

The post Habib Bank Limited celebrates Jashan-e-Haryali Mela 2014 appeared first on Business News Pakistan.

Habib Bank Limited launches Internet Acquiring in partnership with Visa’s Cyber Source

Karachi, March 17, 2014 (PPI-OT): HBL, Pakistan’s largest bank, has launched Internet Acquiring in partnership with Visa Inc’s Cyber Source. This new service will allow e-commerce businesses to accept payments online through Visa and other scheme credit and debit cards.

This was jointly announced by Mr. Ihab Ayoub, General Manager – Middle East and North Africa, Visa Middle East and Mr. Faiq Sadiq, Head – Payment Services, HBL at a ceremony held at Visa Middle East office in Dubai, UAE. Also present at the occasion were senior executives of both organizations.

CyberSource is a payment management company, providing a complete portfolio of services to process online payments, streamline fraud management, and simplify payment security. Established in 1994, CyberSource was one of the pioneers in online payment and fraud management services for medium and large-sized merchants. In 2010 Cyber Source was acquired by, and now operates as a wholly-owned subsidiary of, Visa Inc. Today, over 400,000 businesses worldwide use Cyber Source solutions.

Speaking at the occasion Mr. Faiq said, “HBL is proud to partner with Visa to launch its Cyber Source solution in Pakistan that will enable the bank to facilitate the growing e-commerce businesses in terms of online acceptance of payment using Visa and other payment scheme cards.

HBL currently has the largest ATM network and Visa card base in Pakistan and now intends to become the largest card acquirer. HBL has launched Internet Acquiring with Aga Khan Hospital’s Patient Behbud Society for donation collection and will be bringing on other businesses such as airlines, telecommunication operators and other service providers in 2014.”

“The team at Cyber Source is delighted to work with HBL,” said Ihab Ayoub, General Manager- Middle East and North Africa, Visa Middle East. “We believe that accelerating e-commerce payments is an important consumer and merchant need in Pakistan. With HBL and Cyber Source joining hands, cardholders will be able to transact online conveniently and securely leading to an enriched payment experience and allowing for ecommerce adoption to significantly flourish in the country.”

For more information, contact:
Habib Bank Limited
Habib Bank Plaza
I.I.Chundrigar Road
Karachi-75650, Pakistan.
Phone: 021-32418000 (50 lines)
Fax: 021-39217511