Published On: Thu, Jan 2nd, 2014

MCB Launches Mobile Wallet

Corporate News (Pakistan News) MCB

Corporate News (Pakistan News)

The Muslim Commercial Bank (MCB) created history by launching the world’s first Visa enabled, socially connected Mobile Wallet in a ceremony which included important personalities such as MCB President & CEO Imran Maqbool, Group Head (Retail) Ali Kazmi, Digital Banking & Business Development Head Qasif Shahid . MCB Lite is like a mobile account which helps its customers to use facilities such as Visa Card online transactions while on the go.

The functions of MCB Lite are similar to UBL’s WIZ card but of course MCB’s new innovation is studded with much more added features.

After activating their MCB lite account by going to a MCB branch or through SMS, customers can transfer cash into their account. After this process MCB Lite acts as a normal bank account with facilities such as Online Banking transactions or the payment of utility bills.

There are currently no transaction charges associated with payments made over internet.

Here are few of the MCB Lite Features:

  • Global Acceptance
  • Bank Independent: MCB Lite Mobile Wallet resides on top of your existing bank account. You can simply use your Mobile Wallet in conjunction with your existing bank account and load it via IBFT or MCB branches.
  • Unlimited Usage
  • Online Shopping: The payment solution lets you shop securely and safely at local and international online stores.
  • Pay Anyone: In times of need, you can send money to anyone in Pakistan:
    • Any MCB Lite User
    • Any MCB Account Holder
    • Any other Bank Account Holder through IBFT
    • Any valid CNIC Holder (Coming Soon)*
  • Utility Bill Payment
  • Top-Ups: Pay mobile phone bills or buy top-ups of all five Telecommunication companies in Pakistan.

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