MasterCard collaborates with NADRA to optimise national ID cards with e-payment functionality

Move will allow citizens to carry out financial transactions and receive govt disbursements


Our Correspondent January 18, 2017
PHOTO: FILE

KARACHI: MasterCard, a leading technology company in the global payments industry, has announced a strategic collaboration with Pakistan’s NADRA Technologies to optimise national ID cards with electronic payments functionality.

The move will allow Pakistani citizens to carry out financial transactions and receive government disbursements by utilising the unique 13-digit identification number of their identity card.

Citizens will also be able to use their national ID to send and receive domestic and international remittances, eliminating the requirement to physically visit a bank branch or currency exchange house to meet their money transfer needs.

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Under the terms of the agreement, MasterCard will also use its next-generation payment processing technologies to process all online payments made by Pakistani citizens for the issuance of national ID cards, passports or any other document provisioned by NADRA Technologies.

The announcement was made during MasterCard’s participation in the World Economic Forum Annual Meeting 2017, taking place from January 17-20 in Davos, Switzerland.

Aurangzaib Khan, Country Manager Pakistan and Afghanistan, MasterCard, said, “Our collaboration with NADRA Technologies is a testament to our commitment towards building a reliable and secure ecosystem for online payments in Pakistan.”

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“The new service will make international remittances more convenient both for the sender and beneficiary and this is significant since Pakistan is one of the top receivers of remittances from abroad,” said Khan.

“Combining the national ID card with payment features will transform it into a powerful, multi-purpose channel for citizens to carry out financial transactions and will facilitate faster and more efficient delivery of vital government services.”

COMMENTS (3)

Dr Samiullah | 7 years ago | Reply Sounds like electronically tagging. Does the people of Pakistan have a say in that,? who give them rights for sharing our personal info with anyone.? WoW!! I wounder how much and what benefits been offered to this NADRA Guy. Totally unacceptable.. And utterly disturbing, Happy independence enjoy it as long as you have it...
waqar | 7 years ago | Reply Most of the people don't have bank accounts in Pakistan and they want to introduce ID cards with the pay chip?
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