Categories: News

Mastercard and NADRA collaborate to upgrade ID cards with e-payment facility

The National Database and Registration Authority (NADRA) Technologies has collaborated with Mastercard to optimize the national identity cards with electronic payments functionality.

The agreement was made during the World Economic Forum (WEF) meeting. The technology company in the global payments industry, Mastercard, participated in WEF meeting which is taking place at Davos from 17th to 20th January.

Under the agreement,  the citizens will be issued a unique 13-digit identification number which will allow them to carry out financial transactions and receive government disbursements. Citizens will also be able to use their computerized national identity card (CNICs) to send and receive domestic and international remittances. This will eliminate the requirement to physically visit a bank branch or currency exchange house to meet their money transfer needs.

Mastercard will use its next-generation payment technologies to process the online payments made by Pakistani citizens in the issuance of CNIC, passport or any other document provisioned by NADRA. Mastercard’s country manager Pakistan and Afghanistan, Aurangzaib Khan said,

“Our collaboration with Nadra is a testament to our commitment towards building a reliable and secure ecosystem for online payments in Pakistan. The new service will make international remittances more convenient both for the sender and beneficiary. This is significant since Pakistan is one of the top receivers of remittances from abroad. Combining the national identity 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.”

This partnership is just the beginning of financial inclusion and digitization of the whole process, according to an official. The objective is to utilize NADRA database to streamline money transaction and bring transparency in the economic system.

Sponsored
Maheen Kanwal

Maheen Kanwal is a Tech Journalist at TechJuice. She covers the latest technological, telecom and business related, local & global news. (Reach at maheen@techjuice.pk)

Share
Published by
Maheen Kanwal

Recent Posts

NADRA Warns Against Excessive Photocopying of Sensitive Documents

ISLAMABAD: According to a public advisory from the National Database and Registration Authority (NADRA), Pakistani…

23 mins ago

Phase 2 of Honhar Scholarship Program Officially Launched

The Honhar Scholarship Program Phase II, inaugurated by Chief Minister Maryam Nawaz Sharif of Punjab,…

32 mins ago

Itel S25 Ultra Fails Durability Test, Raising Concerns

The Itel S25 series, known for its durability and affordability, recently faced scrutiny during a…

1 hour ago

WhatsApp Will No Longer Work on Older Android Phones Starting January 2025

WhatsApp has officially confirmed that, beginning January 1, 2025, it will end support for Android…

1 hour ago

Rs158 Billion Spent on Importing Mobile Phones to Pakistan in the Last Five Months

According to data from the Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth…

3 hours ago

EU Concerns Over Pakistan’s Military Court Sentences May Impact GSP+ Trade Benefits

The European Union (EU) has expressed concern over the recent convictions of 25 civilians by…

3 hours ago