United Bank Limited (UBL), partnering with Master Card brings a new service for customers called the QR code-based digital payment. This new payment method has been named Masterpass and will allow customers to make payments in a completely different way in Pakistan.
What is UBL Masterpass?
Masterpass by UBL is a payment service in which a customer scans a QR code through the mobile banking app to make payments at superstore or pay bills via a maintained account. This ensures timely and secured payment for customers which takes seconds to take place.
How to Use It?
It is simple. All you need is to have the UBL MasterPass mobile app in your mobile phone and you can shop and make payments easily. The supported retailers will have a QR Code. Before checking out of a store, you will have to scan the QR code to get through the transaction. After you have entered the pin code and given confirmation, the payment will be deducted from your account.
This helps save time and brings convenience from the old way of filling forms and writing details. In this process, you only have to scan and leave the rest to the app. The payment system automatically registers all the detail.
On the launch of this outclass payment service, the CEO / President of UBL, Wajahat Hussain said, “UBL has been a leading financial institution for the last 57 years. During this period, the Bank has come to be acknowledged as a Progressive and Innovative bank. These two attributes of the Bank have propelled the institution in taking lead in financial inclusion and economic development of Pakistan.”
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