Corporate corner

Mastercard on course to drive adoption of Masterpass QR in Pakistan

KARACHI (PR): In a step aimed at driving the wider adoption of Masterpass QR in Pakistan, Mastercard, a leading technology company in the global payments industry, recently hosted the Masterpass Golf Classic 2017 in Karachi, highlighting the features of the country’s first interoperable digital payment service.
Masterpass QR from Mastercard is a quick response (QR) mobile payments solution that allows consumers to make simple and secure digital payments across devices and channels. To make purchases using this service, users simply scan a QR code displayed on the merchant’s device using a mobile app, without cash or cards. Similarly, the easy to deploy, mobile-driven person–to-merchant (P2M) payments solution enables retailers to accept immediate payments by reducing the exposure to risk.
More than 100 golfers including top executives from companies across various industries and sectors as well as Mastercard’s key customers gathered at the Defence Authority Country & Golf Club in Karachi for the Masterpass Golf Classic 2017. Participants experienced the technology first-hand as they downloaded Masterpass QR-enabled mobile applications to engage in a range of QR experiences at the first-of-its-kind event.
“Since we introduced the solution in Pakistan, we have been working with a number of local industry players to roll out various wallets and solutions leveraging the power of Masterpass QR technology. The Masterpass Golf Classic 2017 is part of our broader campaign to raise awareness of the benefits of the hassle-free and innovative solution among tech-savvy consumers, to further drive the cashless ecosystem in the country,” said Aurangzaib Khan, Country Manager, Pakistan and Afghanistan, Mastercard.
Masterpass QR was first launched in Pakistan in 2016, and has subsequently been rolled out in various other markets across the globe.

AGE Industries partners with Elahi Group of Companies

LAHORE (PR): AGE Industries Pvt Ltd, a trusted name in the cable industry in Pakistan, has now partnered with the Elahi Group of Companies (EGC) with the objective of increasing investments in their infrastructure to further excel in the cable industry after its acquisition of M/s Steel Complex Pvt Limited, Pakistan’s leading aluminum conductor wire & PC stand manufacturer.
The Elahi Group of Companies has decided to invest in AGE Industries and will bring its long-serving expertise to the organization. With this partnership, AGE is poised to becoming a formidable force in the cable industry utilizing Elahi Group’s expertise and specialization in supply chain business segment. EGC’s expertise include; procurement of raw materials for different manufacturing concerns including steel & aluminum wires, house hold appliances, transformer industry and food products, inventory management, storage and logistics of huge volumes.
AGE Industries (Pvt) Ltd was established in 1968, and has been a trusted name in cable industry ever since. A.G.E. Cables is manufactured as per British Standard Specification (BSS) and International Electro Technical Commission Standard (IEC), Geneva, Switzerland. The group has also been awarded ISO: 9001-2008 and ISO: 1400-2004 certifications. AGE Industries is the first company in Pakistan to produce XLPE cable on triple Extrusion line.
Faisal Yousaf Zia, CEO of AGE Industries and Yazdani Zia, his Director, both feel that this is the right strategic fit for the company to propel it into the next stage of development for AGE, leveraging EGCs’ expertise and specialization in a variety of segments, especially in steel & aluminum wires.
CEO of EGC – Danish Elahi stated: “This partnership between Elahi Group and AGE Industries is a significant step taken towards the growth of both the enterprises. EGC has been operating in Pakistan for over four decades and has a strong track record with suppliers, creditors, and customers. EGC enjoys a relationship of trust and immense respect with all stake holders, and we look forward to the same with AGE”.

PSO launches modern fleet for safe transportation of petroleum products

KARACHI (PR): MD & CEO PSO, Sheikh Imranul Haque has inaugurated the latest brand of tank lorry with the international standard that will ensure safe transportation of petroleum products across the nation.
The newly built PSO tank lorry complies fully with the standards set by the Oil and Gas Regulatory Authority (OGRA) and National Highways Authority (NHA). It also showcases PSO’s unique national brand identity and promotes its product portfolio as part of the modern day brand and marketing requirements of the company. PSO contracts Pakistan’s largest tank lorry (TLS) fleet as part of its logistics management system to transport POL products across the country using approximately 8000 vehicles. The newly introduced tank lorries are designed to ensure the security of the public and the road infrastructure.

UBL inaugurates first-ever digital lab

KARACHI (PR): UBL inaugurated Pakistan’s first-ever Digital Lab at a ceremony held in here recently. The lab which was built in collaboration with IBM, will provide an environment for UBL’s interdisciplinary teams as well as its network of start-ups, Fintech, ecosystem partners and academia to develop personalized and engaging digital ‘customer experiences’.
The Lab was inaugurated by Sir Mohammed Anwar Pervez, OBE, HPk, Chairman UBL & Bestway Group UK.
He was accompanied by members of the Board of Directors of UBL, Sima Kamil, President & CEO, UBL and senior executives from both UBL and IBM. UBL leads the banking and financial sector in Pakistan. With a base of over 4 million customers, the Bank boasts Pakistan’s widest network of over 45,000 customer touch-points and presence in four continents. UBL’s decision to collaborate with IBM to build a Digital Lab stems from its decision to contribute to Pakistan’s digital landscape by transforming its customer experience and reinventing its existing capabilities.

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