MNET (interbank network)


MNET Services Private Limited is a Pakistani operator of inter-bank connectivity platform of MCB Bank Ltd for online financial transaction processing and offers a managed services portfolio that includes card personalisation & management, mobile payment services and ATM & POS controller hosting.

History

Incorporated in 2001, MNET is the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions. As the pioneer of straight-through electronic financial transaction processing in Pakistan, the company is heavily focused on industry best practices as well as technology based on international standards. Over the years, MNET has broadened its focus to offer value added services like bill payments, mobile top-ups, and funds transfer. MNET also offers managed services portfolio to the financial services sector including services such as card personalization and management. Following is the set of key products and services offered: * A “One Stop Shop” – Product / Service Development, Deployment, and Support under one roof * A significantly large network of ATMs and POS devices * Deep expertise in plastics hosting as well as ATM Controller Services * Technology platforms backed by industry leaders like IBM, Euronet, ACI, and Oracle * Strong channel alliances with the largest number of utility companies for bill payment
The company is now being closed as MCB has now become a member bank of 1Link.