Mobile Payments in Pakistan Quarter 1 2009:

Rs.  3.3 Million (Source: State Bank)

MCB Mobile average payments:

Rs.  4.5 Million Daily

“MCB Mobile is leading the Mobile Payments space in Pakistan”

Below is an extract from the State Bank of Pakistan’s Quarterly report on retail payment systems in Pakistan….

……3.6 Mobile Banking There are few banks which offer transactions through mobile. These transactions include payment through mobile (excluding utility bills payment), utility bills payment, A/C to A/c funds transfer and 3rd party A/c to A/C funds transfer. The number of transactions reached to 15.46 thousand for the current quarter from 17.58 thousand in the previous quarter. This shows decrease by 12.1 percent in number of mobile transactions compared to 6.8 percent increase in volume recorded in previous quarter. In terms of value, it reached to Rs.3.3 million showing decrease of 15.4 percent compared to 7.2 percent increase recorded in the previous quarter (Fig. 10)

Few simple yet important reasons:

• It is quick - Use it from your GPRS mobile phone of from the internet on your PC - The interface is optimized for quick processing

• It lets you make payments SECURELY - Unlike other mobile banking products from banks, MCB Mobile actually allows you to make payments.  Your account is protected by a double layer of security via a Mobile PIN to login and ATM PIN to transact.

• It is functionally rich - You can:

1. Check your account balance and view a min statement
2. Buy airtime for your mobile and pay your postpaid mobile bills also
3. Utility bill payments to a number of companies is also possible
4. If you have an MCB credit card you can pay that as well
5. Transfer money to anyone with a bank account in MCB
6. Make donations to various charities

• It is free - For a limited time period all transactions on MCB Mobile are free of cost and there is no registration fee either

• It saves you time & money - We all know that “Time is Money”.  With MCB Mobile you don’t need to go out to the bank.  Most of your day to day banking and payments needs are covered.  Save on your transportation costs and avoid making those unnecessary time consuming trips to the bank.

• It gives you control - It lets you control your finacnces by providing real time information.  You can check your balance and view your mini statement 24 / 7 / 365.