Raseen Payment Gateway launched

July 9, 2009 at 7:49 am 30 comments

Remember the discussion we had regarding the fact that for e-commerce to flourish, it was essential that there should be a Payment gateway in Pakistan since PayPal doesn’t know we exist? It was a major part of the debate/discourse we had during the last Startup Insiders session that we had at LUMS in Lahore.

Well apparently it is here – Raseen Technologies has partnered with a leading Bank to launch the first 3D Secure compliant e-Commerce Payment Gateway in Pakistan to process online financial transactions, according to Nauman Ahmed Director Sales & Business Development of Raseen.

inner-header2_03Raseen Payment Gateway (RPG), says Nauman, is a highly secure and scalable service that complies with international financial standards including Verified by Visa, MasterCard Secure Code, J-Secure and PCI standards minimizing the risk of fraud and merchant exposure.

It is a fully managed, feature rich payment engine that acts as a gateway between the merchant and the array of agents involved in online payment processing. RPG integrates with Merchant web-portals to provide seamless buying experience through valid credit/debit cards and also covers additional delivery channels.

The Raseen Payment Gateway enables Merchants to:

· Increase customer satisfaction in an increasingly competitive market through value differentiation

· Improve accounts receivables & lower cost of managing cash receivables

· Deliver personalised targeted marketing & overall customer experience

Key features of Raseen Payment Gateway (RPG) include Payment Channels, Online Authorization, Security, Report and Management and Multi-Currency Support.

Raseen Technologies is part of the Dhabi Group – the UAE group that has invested in Bank Alfalah, Warid Telecom, United Bank Limited, Taavun, and Wateen Telecom.

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30 Comments Add your own

  • 1. Raseen Payment Gateway launched / LiveFromPakistan  |  July 9, 2009 at 8:10 am

    Raseen Payment Gateway launched…

    Remember the discussion we had regarding the Payment gateway …

    Reply
  • 2. Ali Muslim  |  July 9, 2009 at 9:27 am

    Good news.

    –ali muslim

    Reply
  • 3. Muhammad Bilal  |  July 9, 2009 at 10:04 am

    This is great news, but why not in PK, when we will become able to launch one in PK. when we will get permission and regulations for online payment solutions in Pakistan.

    We pay regards and congratulations to Dhabi Group and all its member companies for this fabulous service launch and wish them success in this sector too.

    Reply
  • 4. Jehan  |  July 9, 2009 at 10:07 am

    @Bilal this is for Pakistan. Raseen has offices in Karachi and Lahore I believe.

    Questions are however being asked regarding information on how and where to register for an account. I hope Nauman or someone from Raseen will see this and enlighten us.

    Reply
  • 5. Sohail Abid  |  July 9, 2009 at 10:07 am

    I just went through almost all the pages on Raseen site but cant find any specific info on how to register, integrate, or use the payment gateway.

    Reply
  • 6. Ali Muslim  |  July 9, 2009 at 11:32 am

    Yeah nothing on there site.😦 ….They might have shown interest to launch services but might not yet have actually started here in PK. Anyways, hopeful that it will benefit companies prepared to set-up an e-commerce industry.

    There was a tender by PTA few days ago http://www.pta.gov.pk/index.php?option=com_content&task=view&id=1263&Itemid=225

    http://www.pta.gov.pk/media/rfp_gateway_260609.pdf

    Any thoughts?

    –ali muslim

    Reply
  • 7. Nauman Ahmad  |  July 9, 2009 at 11:57 am

    Dear Sohail,

    We will post all necessary details about website integration, merchant account opening etc on our website very soon. This is part of our launch marketing campaign with our Banking partner later this month…..

    you have waited so long … just a few more days …..

    The Blog from jehan was a teaser to all her readers …. that she knew the little bird

    Reply
  • 8. The Jaywalker  |  July 9, 2009 at 12:35 pm

    Same here…is there any more detail available anywhere?

    Reply
  • 9. Rafaeel Akbar Chaudhry  |  July 9, 2009 at 3:09 pm

    Ma’am can you please Mr. Nauman Ahmed to make details available on their website about registration and usage procedure?

    Reply
  • 10. Awais Naseer Keyani  |  July 9, 2009 at 6:25 pm

    Its a good news to have a payment gateway in Pakistan but it will be useless unless it finds some way to integrate with paypall! Yes! we need paypall, we can’t live without it. Most of the coys/ people have their accounts with paypall, so for a receipt or payment, we can’t force every intl client/vendor to make an account with Raseen first and then pay / recieve some bucks!!

    Reply
  • 11. Nauman Ahmad  |  July 10, 2009 at 9:15 am

    Dear Readers,

    we have prepared a comprehensive FAQ that will answer all your quesions. it will be posted on our website in the next refresh cycle…..awaiting formal launch announcement with our partner bank (soon).

    PayPal has an amazing business model and success story that all of us can learn from. We have studied them extensively and also looked at what challenges they address to facilitate cross-border payments. We have products in the pipeline that will allow knowledge workers to get money into their accounts in pakistan for work performed anywhere in the world.

    We are a “payments company” and have a comprehensive roadmap of products in e-commerce and m-commerce (mobile banking/branchless banking etc ) … this is just the beginning ….

    Please keep writing and let us know how can we help you with your challenges

    Reply
  • 12. Syed Talha Izhar  |  July 10, 2009 at 1:39 pm

    Its good news for all of us who have been waiting for an e-commerce solution to arrive in Pakistan.

    Hope to see the Raseen filling the gap.

    Reply
  • 13. Payment Gateway  |  July 14, 2009 at 6:08 pm

    Hello, Payment Gateway – is a highly secure and scalable service that complies with international financial standards including Verified by Visa, MasterCard Secure Code, J-Secure and PCI standards minimizing the risk of fraud and merchant exposure.

    Thanks

    Reply
  • 14. Safia Rafi  |  July 23, 2009 at 11:02 pm

    This is definitely something Tohfay.com will be looking for in its local market for sending gifts within Pakistan. Recently launched and expanded from the global connection to the web, Tohfay is now booking orders for local markets.

    Reply
  • 15. Sharjeel Ahmed Qureshi  |  July 24, 2009 at 1:52 pm

    Its been quite some “few days” but we haven’t seen any updates. We’ve previously had high expectations from other local Payment Processing companies who promised but never delivered.

    Teasers are only good till they don’t start checking the patience of the users.

    Reply
  • 17. Shahzad Amin  |  August 7, 2009 at 12:27 pm

    more updates regarding launch of Raseen Payment Gateway

    http://propakistani.pk/2009/08/06/raseen-to-offer-its-ecommerce-products-to-bank-al-falah-customers/

    Reply
  • 18. Muhammad Sajid  |  August 7, 2009 at 12:28 pm

    i was also a part of this ceremony it was awesome. GUD luck raseen for future PLANS….

    Reply
  • 19. Faisal  |  September 7, 2009 at 12:03 pm

    Raseen is actually developing the payment gateway jointly with NetSol Technologies, previously they partnered.

    So, hopefully there will come out a good solution in near future.

    Reply
  • 20. Compliance Software Solutions  |  September 9, 2009 at 6:11 am

    Thanks for sharing this, it’s great to see good information being shared.

    Reply
  • 21. Web Designing Pakistan  |  October 19, 2009 at 11:54 am

    this is going to be the great contribution for the e-Commerce industry and will give ease to organizations for e-Commerce and m-Commerce solution.

    Reply
  • 22. Send gifts to Pakistan  |  October 20, 2009 at 12:30 pm

    Great work I, but I am using 2checkout.

    Reply
  • 23. Fara  |  December 17, 2009 at 10:17 pm

    Still awaiting for the day when we’ll be able to receive payments in pakistan through our website…?

    Reply
  • 24. Khayyam  |  December 22, 2009 at 10:17 pm

    Same here waiting for the service to launch

    Reply
  • 25. Pakistan Web Design Firm  |  June 24, 2010 at 3:38 pm

    good start, if it proves to be a substitute of paypal.com

    Reply
  • 26. Web Designing Karachi  |  September 9, 2010 at 9:19 am

    Excellent Article! Thanks very much for the info, and I will be writing my own (admittedly simplified) article on this shortly. As for my professional works, I will be taking your advice and standing on the shoulders of giants, so to speak.

    Reply
  • 27. Adnan Jabbar  |  January 4, 2011 at 4:30 am

    Hi,
    Thank you JA for covering our product. Stay tuned more exciting things are in the pipeline.

    Best Regards,
    Adnan Jabbar
    Outsourced Software Consultant
    Raseen Technologies
    linkedin.com/in/adnanjabbar

    Reply
  • 28. nadeem  |  March 6, 2011 at 9:37 pm

    it will be here soon

    Reply
  • 29. AQ  |  May 11, 2011 at 12:52 pm

    Hi, I tried searching for Raseen Technologies. Strangely, they do not have a website up.😦
    Ammar

    Reply
  • 30. Haider Abbas  |  May 15, 2011 at 10:06 am

    There is already an alternative for Paypal for Pakistanis. It is called Moneybookers.com. Another one is Alertpay.com. I already used both and they are working. I prefer Moneybookers but the only bad thing is that it is not as famous as Paypal so US users feel uncomfortable in signing up with moneybookers.com and still prefer paypal so you may have a hard time selling to them via these services.

    Reply

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