Month: March 2016

Why traditional card scheme acquiring will not work in Pakistan

In Pakistan there are four payment gateways: HBL’s CyberSource (VISA) MCB MIGS (MasterCard) UBL’s payment gateway that gets routed via a processor in Dubai Bank Alfalah MIGS (MasterCard) There was an effort by NIB Bank to acquire MIGS processing services, but VISA would not give acquiring rights to NIB. Infact VISA has made it clear, …

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Virtual Money Transfer Operator – How does it work?

What exactly is a Virtual Money Transfer Operator (VMTO)? Virtual Money Transfer Operator? This is a question that is asked of me many times. A virtual money transfer operator is no different (in concept) from a Virtual Mobile Network Operator or like an entity that is a white-labelled affiliate selling web hosting. The concept is …

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12 Questions every Money Transfer Operator should ask themselves.

Time to take stock of how things are around you! In a recent survey I conducted, we asked MTOs a varying degree of questions, however, these 12 questions were basically used as openers and I decided to share them with you. Small and Medium Money Transfer Operators are facing intense competition and challenging times. Honestly …

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