TPL, HBL sign accord

KARACHI: TPL Trakker and HBL have signed an agreement to support contact-less payments for HBL customers, according to a press release.
The arrangement will be opening a new way of doing financial transactions, which would be critical to the growth of electronic payments across Pakistan.
TPL Trakker CEO Ali Jameel said the technology solution rendered by TPL will be pivotal in enabling near field communications (NFC) transactions by NFC users in Pakistan.
“HBL would be rolling out NFC enable point of sale terminals to the merchant locations where NFC users would be able to execute the transactions.”Jameel said.
Faiq Sadiq, head of payment services at HBL, said his bank is the first banking institution in Pakistan to offer NFC payments, which is gaining popularity in the payments industry worldwide.
“Through this innovative means of payment, we plan to introduce and promote electronic payments to the masses and take the first step in creating a national payments ecosystem,” he said.