mPOS (Mobile Point of Sale) is a mobile app that provides an alternative to Cash-On-Delivery and Over-the-Counter Cash Payment methods used by merchants and delivery riders via a single mobile platform. Merchant simply taps customer’s card on phone to complete the secure OTP based payment quickly.
mPOS comprises of the following features:
A direct download URL to acquire the app will be provided by HBL to merchants during the onboarding process.
Any business that collects cash either at their own premises (outlet, shop, etc) or at their customer’s door-step where they deliver/offer services
POS machines are large bulky instruments with significant installation and maintenance costs. mPOS is an android based mobile app which will be installed on merchant mobile phone to accept card payments
There are two mode of payments
Customer provides an email address or mobile number where notification is sent by mPOS app
The amount will be disbursed into next working from the date of transaction into merchant bank account maintained with HBL.
Note: Funds settlement will depend on Payment Scheme cutover.
Following are the two basic requirements to avail HBL mPOS;
Only PKR currency available for transactions on HBL mPOS.
mPOS is backed by VISA and HBL’s state of the art cybersecurity and payments security protocols, making the app extremely safe – by both global and local standards
Payments made through mPOS are very safe. Every transaction is protected by a unique One Time Password (OTP) received by the customers
Any card scheme accepted for transactions in Pakistan can be used with the mPOS