In a bid to promote a cashless environment, FonePay, Pakistan’s first payments Super App powered by Masterpass, has partnered with Lahore University of Management Sciences (LUMS), Pakistan’s number one university according to QS Graduate Employability Rankings 2018. The announcement was made at a signing ceremony held in Lahore.
As part of this strategic partnership, all FonePay Super App users will now get access to payments offered by LUMS, helping promote a cashless campus. The students and faculty will now be able to make online payments for various purposes such as tuition fee, hostel dues, processing fees and test fees. Additionally, LUMS students will also be able to pay by scanning MasterPass QRs at the Pepsi Dining Centre (PDC) cafeteria and at LUMS bookstores.
Vice Chancellor LUMS, Prof. Dr. S. Sohail H. Naqvi, stated at the occasion, “We are delighted to be partnering with FonePay to help realize our goal of a Cashless LUMS”.
“We are thrilled to be partnering with LUMS, Pakistan’s leading University to convert their campus into a truly cashless environment,” said Mr. Hasnain Sheikh, Co-CEO of FonePay.
FonePay currently allows over 35 million people in Pakistan, in collaboration with leading financial institutions, to link or open accounts from multiple banks. Users can also link any Mastercard credit, debit or prepaid card issued in Pakistan and use the app to pay within seconds. FonePay has over 20,000 merchants in 85 cities across Pakistan.
The Lahore University of Management Sciences (LUMS) is a world-class academic institution with a proud history of achievement and ambitious plans for the future. Since its inception in 1985, LUMS has strived to achieve the aim of imparting world class education while encouraging research and intellectual growth in the country. The University has five schools, namely, Suleman Dawood School of Business, Mushtaq Ahmad Gurmani School of Humanities and Social Sciences, Syed Babar Ali School of Science and Engineering, Shaikh Ahmad Hassan School of Law and School of Education. LUMS has played a key role in setting high standards of academics and producing professionals who can compete with counterparts from any university across the world.