Payment Gateways

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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What are the preferred local payment methods in your country?

What is the preferred payment method in Saudi Arabia? Morocco? Zimbabwe? Latvia? Peru? Vietnam? Do you know? I don’t and most of my colleagues don’t. At some point in time you would like to know of the prevalent payment methods in other countries. It is very difficult to know what are the major payment methods and …

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