Karachi: Dubai Islamic Bank, ARY Services, and MAK Global have signed tripartite agreements to launch Payment to Merchants (P2M) services in Pakistan. The signing ceremony took place at the head office of Dubai Islamic Bank in Karachi. The agreements were signed by Dubai Islamic Bank’s Chief Operating Officer, Wamiq Rizvi, ARY Group’s Chairman, Haji Muhammad Iqbal, and MAK Global’s CEO, Haider Rizvi, in the presence of senior executives from the respective institutions.
This collaboration will revolutionize digital payments acceptance for all types of traders and business establishments in Pakistan. This latest initiative is part of the State Bank of Pakistan’s efforts to promote financial inclusion in the country and offer traders an extremely low-cost instant payment system.
