Internet Gateway payment services: MCB Bank, Alchemative enter into alliance

LAHORE: MCB Bank Limited has entered into an alliance with Alchemative, an innovative and customer-centric technology company, for providing progressive financial and digital services to ecommerce companies. This strategic partnership is aimed at providing a one stop solution to eCommerce businesses for all of their online retail business needs.

Under this agreement, MCB Bank and Alchemative will grant each other Preferred Partner status and will provide a host of financial and digital services to eCommerce merchants, including Internet Payment Gateway services, Tokenization services, Real Time Fraud Filtering, Application development, eCommerce website design and development services, website management and other technical support services all through one unified platform.

The agreement was signed between Salman Nisar Ahmed, Business Head, Digital Banking, MCB Bank and Omer Farooq, CEO, Alchemative at MCB House, Lahore. Shahzad Ishaq, Group Head, Consumer & Digital Banking, MCB Bank, Jasim Ahmed Waheed, Department Head Acceptance, Digital Banking, MCB Bank, Umer Qasim, Product Manager eCommerce, Digital Banking, MCB Bank, Muhammad Tayyab, Director Technology, Alchemative and Ali Abbas, Director Ecommerce, Alchemative were also present at the ceremony.

Speaking at the occasion, Shahzad Ishaq said, "MCB Bank's pioneering MCB eGate financial solution is a preferred Internet Payment Gateway of choice for most of eCommerce merchants nationwide. Through MCB eGate, merchants can accept digital payments online through their websites and mobile apps conveniently and comfortably from wherever they may be. With our partnership with Alchemative, we look forward to providing merchants further value addition through a host of additional services at exclusive discounted rates!"

Omer Farooq also added, "The very idea of digitalization and empowerment of society by utilizing technology is at the heart of Alchemative. MCB Bank's initiative of enabling merchants to set up the financial aspects of their businesses and digital payments with ease is the central idea behind this partnership. Alchemative can support the development of e-store and back-end operations while MCB Bank enabling the merchant to setup banking and payment processes for the business, resulting in the creation of a one-stop solution. With the help of this partnership, we expect a smooth transition to the digitalized world for companies and startups."-PR

Copyright Business Recorder, 2021