Business

UBL wins Innovation Award in Hungary

The forum explores how innovation changes lives and assesses the impact this transformation will have

Press Release October 17, 2016

The forum explores how innovation changes lives and assesses the impact this transformation will have. PHOTO SOURCE: DOST PAKISTAN

KARACHI: United Bank Limited (UBL), Pakistan’s Best Bank 2016, has won the Innovation Award at the Mastercard Innovation Forum held in Budapest, Hungary.

This award recognises the bank’s “global first” achievement of launching UBL MasterPass QR digital payment service. The forum explores how innovation changes lives and assesses the impact this transformation will have on the future.

UBL starts scholarship programme

UBL recently launched the MasterPass QR digital payment service in partnership with Mastercard. As the country’s first interoperable digital payment service, MasterPass QR allows consumers to use their mobile banking app to pay for in-store, bill payments (invoices) and for delivery with one secure account.

Published in The Express Tribune, October 18^th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.