Inov8 Limited has signed an agreement with Meezan Bank, Pakistan’s first and largest dedicated Islamic bank, to partner on Inov8’s next generation FalconPay Payment’s Ecosystem..
The FalconPay platform is a complete digital ecosystem powered by MasterCard’s digital wallet solution, Masterpass.
With Meezan Bank’s increasing focus on digital channels to serve its fast-growing population of Islamic banking customers; this platform will enable them pay for in-store, online and on-the-go purchases, make digital or bill payments, book and pay for movies and bus tickets, enjoy conveniences such as mobile airtime top-ups and much more.
The FalconPay mobile application will allow customers to link to their Bank or to the Bank’s wallet account.
Mr. Irfan Siddiqui, President & CEO – Meezan Bank while speaking at the signing ceremony highlighted the importance of a strong payment plan as part of the Bank’s comprehensive digital banking strategy and said, “I believe this agreement will help both the parties to set up a new standard for digital banking by enabling Meezan Bank to capture its customers’ transactions, meeting their real-time needs and proceeding towards a fully digital relationship.”
Inov8 Limited’s Co-Founder and Co-CEO, Hasnain Sheikh, stated, “We are delighted in strengthening the digital ecosystem for Meezan Bank, Pakistan’s fastest growing bank. Our best in class platform will create a new era of digital banking and payments for issuers, acquirers, and merchants.”