KARACHI: United Bank Limited (UBL), Pakistan’s Best Bank 2016, has won the Innovation Award at the Mastercard Innovation Forum held in Budapest, Hungary.
This award recognises the bank’s “global first” achievement of launching UBL MasterPass QR digital payment service. The forum explores how innovation changes lives and assesses the impact this transformation will have on the future.
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UBL recently launched the MasterPass QR digital payment service in partnership with Mastercard. As the country’s first interoperable digital payment service, MasterPass QR allows consumers to use their mobile banking app to pay for in-store, bill payments (invoices) and for delivery with one secure account.
Courtesy : Express Tribune