This has been achieved through Monet's breakthrough Swipe2Pay mPOS (Mobile POS) service which has been recently launched in partnership with HBL.

The mPOS solution enables merchants to accept payments through debit and credit cards while delivering goods to customer door steps. This replaces the existing mode of payment (Cash-on-Delivery) with a more safe and secure "Card-on-Delivery" solution. This reduces the responsibility of handling cash from the delivery cycle. The service accepts VISA, MasterCard and UnionPay cards. The mPOS can be integrated with backend systems of merchants, thus providing real time transaction data for quick decision making.

Faiq Sadiq, Head Payment Services HBL, commented: "HBL is taking the merchant business very seriously, with introduction of POS and Online card acceptance solution last year; the recent addition is mPOS which will change the landscape of how payments are made via merchant acquiring business. This will enable the POS to go to people instead of people coming to POS. The reduction of cash dependency from delivery cycle will further increase the average ticket size of such transactions, enabling merchants to sell more in a secure way."

Muneeb Maayr, co-founder Daraz.pk added "We are excited to partner with HBL and Monet and help usher in a new era of innovative payment solutions across Pakistan. The future of online shopping lies in mobile devices, and we are happy to leverage this platform for real time payments also."

Commenting on the launch, Monet Chief Executive Officer Ali Abbas Sikander said: "While mobile is changing the payments market, mPOS is a fast-growing area within the payments ecosystem and financial institutions are ideally placed to capitalize on it. In order to do this they must build upon existing revenues and relationships and offer a competitive proposition to merchants, which can be scaled easily to meet future business and consumer needs."

Abbas added: "Monet Swipe2Pay mPOS is a complete solution that stretches beyond basic card acceptance which is – whilst a vital part of an mPOS offering – only one piece of the puzzle. Monet mPOS is a gateway to a fundamental shift in how merchants can service their customers. Our roadmap for merchants goes so far beyond just mPOS, incorporating value-added features to address different business needs such as geo-location services, instant payment notifications, offers and loyalty, till and stock management, person-to-person payments and more."