MCB Bank Limited, one of Pakistan's largest banks has signed Transaction Banking's new web-based payment product 'MCB PayDirect' with Pakistan Mercantile Exchange Limited, the country's sole commodity futures exchange. MCB PayDirect will allow PMEX to streamline their current systems by processing and executing online and instrument-based payments at the touch of a button. The ceremony was held on 29th May at MCB Tower.
Present at the occasion were Aali Shafi, Business Head - Transaction Banking MCB, Ejaz Ali Shah, Managing Director PMEX, Sobia Iftikhar, Head of Marketing - Transaction Banking MCB, Amjad Khan, COO PMEX and other officials of MCB and PMEX. Speaking on the occasion, Aali Shafi said, "We are proud to provide MCB PayDirect, our innovative payment solution to improve the current PMEX processes. PayDirect will allow PMEX to further automate their liquidity management systems and improve funds utilisation."
Ejaz Ali Shah said, "At PMEX, we are working on a two prone strategy; firstly, offering new and innovative products at the Exchange to provide our brokers the opportunity to expand their business and increase their earning potential, and secondly, to provide convenience of technology to bring business efficiency. In the same spirit, adoption of MCB's PayDirect payment solution will enable PMEX and its clients ie brokers to more efficiently and conveniently manage their fund requirements and to focus on core business activities."-PR
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