Mastercard partners with Pakistan’s One Network
Mastercard has signed a strategic partnership with the Pakistani intelligent transport systems provider, One Network, to digitize the country’s road toll payments network. The announcement was signed at the Pakistan Pavilion at Expo 2020 Dubai, where Mastercard is the Official Payment Technology Partner, in the presence of Frontier Works Organization, Pakistan’s biggest toll collection entity. Mastercard partners with Pakistan’s One Network to Digitize Road Toll Payments.
Mastercard Payment Gateway Services (MPGS) will integrate into new road toll Smartphone App.
The partnership will see Mastercard integrate its digital payment gateway infrastructure into One Network’s newly launched Apple and Android smartphone app, allowing motorway commuters to top-up their M-Tag cards in advance from anywhere using their mobile devices. The newly developed app will also enable motorists to review their travel history and check their balance in real-time.
Every year, over three hundred million vehicles travel and pay Toll Tax on Pakistan’s motorways. M-Tag uses RFID technology (radio-frequency identification) to automatically and digitally deduct credit from commuters’ prepaid M-Tag accounts as they pass through RFID-enabled toll lanes. With the integration of Mastercard’s digital mobility payment solutions, commuters can add credit whenever and wherever is most convenient to them through the new application without interrupting their journeys. Mastercard partners with Pakistan’s One Network to Digitize Road Toll Payments.
Mobilink Bank the ‘Best Retail Bank in Pakistan’
Mobilink Bank puts Forth Policy Recommendations
REDRETAIL to Offer Mobile Top Up Solutions
JazzCash Brings You Mastercard
Wateen Telecom partners with Punjab Group of Colleges
Zong Wins the 4G Spectrum Auction in AJK & GB
Commenting on the partnership, Khalid Elgibali, Division President, Middle East & North Africa, Mastercard, said: “As a trusted partner to the government of Pakistan, we are delighted to integrate Mastercard’s digital payment mobility solutions into One Network’s electronic toll collection system and smartphone application. Mastercard will continue to work with our partners to build a digital payments ecosystem that serves the businesses and people of Pakistan through simple, safe and seamless solutions that keep people and the economy moving.”
The Chief Executive Officer of One Network, Mr. Asif Siddique said: “We are delighted to announce that now commuters can easily recharge their M-Tag account through our Mobile App. Partnering with Mastercard to simplify toll tax payments for the millions of commuters across Pakistan’s road network brings us a step forward in driving smart transformation in the country and enriching the lives of our citizens.”
The CEO Frontier Works Organization, Mr. Kamal Azfar, expressed his support and emphasized the Organization’s drive to make Pakistan’s motorways congestion-free using cashless toll collection. The widespread adoption of digital payments for M-Tag usage in Pakistan will serve as a broad economic enabler that speeds the flow of goods, boosts tourism and further advances financial inclusion.
The collaboration – the latest in a series of strategic partnerships that have cemented Mastercard’s role as a key enabler of digitization across Pakistan – will also see Mastercard drive visibility and adoption of the new application across multiple media channels.
NICL stresses on innovation in SMEs at EU Pakistan Business Forum
Fatima Fertilizer addresses climate change at Expo 2020 Dubai
Farmer Convention for Wheat Cultivation – Rabi 2021-22
What is the Fastest Growing ISO Certification in the World?
About Mastercard (NYSE: MA),
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
