MCB Lite awarded “Most Innovative Product”

7th May 2015


MCB Lite has been awarded as the “Most Innovative Product” by Total Communications in their 12th international E-Banking Conference and Exhibition in Lahore. A product of MCB Bank, MCB Lite is Pakistan’s premier digital wallet, with solutions ranging from instant fund transfers, online transactions to cash withdrawal options on a global scale. MCB Lite comes at a time when Pakistan is entering a new age of technology. The launch of 3G and 4G spectrum in Pakistan would help create a favourable environment for digital banking – a concept long established in other economies. Where internet banking was slowly picking momentum in 2013, MCB Lite has surged past the competing banks in delving further into the digital realm. An MCB Lite user does not require an orthodox bank account to access funds or conduct transactions – the digital wallet is designed in a manner to receive and transfer funds from different banks based on the user’s unique CNIC number and mobile phone number. Mr. Qasif Shahid, Head of Digital Banking at MCB Bank, has attributed the present shift to digital mediums to increased smartphone ownerships, regulatory framework and the advent of next generation spectrum in the economy. He was speaking at the International E-Banking Conference and Exhibition.


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