City Bank inks deal to integrate Mastercard Payment Gateway Services
BI Report || BusinessInsider
City Bank has partnered with Mastercard to integrate Mastercard Payment Gateway Services (MPGS).
The MPGS will enable simple, secure acceptance of a range of digital payment methods such as buying products and services online, and adding money from card to mobile wallets for City Bank customers, said a press release on Monday.
Through this partnership and by facilitating MPGS cardholders, merchants, and industry partners will benefit from a range of features including enhanced user experience in digital payment and advanced fraud and risk management capabilities that detect consumer fraud with speed and accuracy, it said.
“In collaboration with Mastercard, this service platform is designed to give businesses and customers the most convenient and secure way to conduct business online,” said Mashrur Arefin, managing director and CEO of City Bank.
This solution will provide an advantage to City Bank of using Mastercard Gateway technology as their own, offering the bank’s customers the option to buy online goods and services using the payment method of their choice, the press release said.
“The unique combination will help merchants accept digital payments from multiple sources across the world and expand their business into new markets,” said Syed Mohammad Kamal, country manager of Bangladesh Mastercard.