MCB Introduces Money Wallet Service With Visa
News: Pakistan-based MCB Bank, in collaboration with Visa, introduced socially connected mobile wallet service, dubbed MCB Lite. Under the service, users can load money digitally via their existing bank accounts and link it to their telecoms provider and smart phone. The wallet, which is believed to be the first of its kind, will enable the subscribers to make payments free of charge, buy top-ups, pay bills, shop online and have avail discounts. The service will allow the users to invite their friends, family and business partners to join-in by logging in and evoking the 'pass-it-on' function.