STAFF REPORT KHI: HBL, Pakistans largest commercial bank, has signed deals with MasterCard and Monet for the rollout of the first Mobile Point-of-Sale (mPOS) service in the country. Faiq Sadiq Head, Payment Services, HBL, and Aurangzaib Khan, Country Manager – Pakistan and Afghanistan, MasterCard, and Ali Abbas Sikander, Chief Executive Officer, Monet, signed the agreements. The mPOS solution will enable micro and small merchants to accept credit, debit and prepaid cards as payment, and can also integrate with the complex back end systems of larger retailers to provide a robust mobile POS solution. The mPOS technology “Swipe2Pay”, powered by Monet, is an innovative and low-cost solution which will help facilitate fast and secure card payments and drive card acceptance across the country.