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Transaction Banking provides wide range of value
added services to large corporations through its vast network of real-time
online branches network. Our structured and customized products enable our customers
to realize their sales proceeds swiftly from all over the country, supported by real-time MIS.
The basic products offered by Transaction Banking Division are as under: |
- Collections
- Payments
- Channel Financing
- Local Rupee Drawing Arrangement
- Home Remittances
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| Collections |
This product and its variants enable companies
to consolidate funds and MIS from all over the country. The depositors (of mandated companies)
simply deposit their funds at designated MCB branches and the funds are credited to the
company’s Collection Account, along with instant MIS. Dealers can also use MCB’s web-portal
to transfer funds from their accounts to their company’s Collection Account.
Instant MIS is also available to our clients in the following forms: |
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For any queries related to Collections you may contact us on following number PABX +92-21-111-000-111 Ext 2609
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| Payments |
Transaction Banking Division offers bulk fund transfers,
allowing our customers to process payrolls and other commercial payments through MCB’s Network.
Instant MIS viewing and download options are also available.
https://cmd.mcb.com.pk/mcbpayments/login.aspx
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| Channel Financing |
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MCB Transaction Banking also offers working capital facilities to dealers and vendors of
selected companies under a structured product program. This product enables our customer’s
dealers to leverage themselves and increase their business capacity with their respective
business partners.
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| Local Rupee Drawing Arrangement |
| The Rupee Drawing Arrangement is a product for small banks and financial institutions to use
MCB’s vast branch network platform to make payments in areas where their own branch network does not exist,
thus extending their reach countrywide. |
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| Home Remittances |
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MCB is also the emerging leader in Home Remittances providing
a seamless inflow of foreign remittances that are credited in the beneficiary’s account within minutes.
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We also make cash
payment at our designated branches on behalf of Xpressmoney, Samba
(SpeedcashNow) and Moneygram. |
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In this regard you may contact us on following
numbers |
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For 24/7 please contact MCB Call Center +92-21-111-000-622 |
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And for further details regarding our tie-ups and arrangements
with overseas branch network/correspondent and to find out the locations in your country from where
money can be sent to Pakistan along with its distribution on MCB branches you may visit the SBP’s PRI
(Pakistan Remittance Initiative) website http://www.pri.gov.pk/ |
