accepting cards

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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