Monet enhances data security through PCI DSS 3.1 Certification

Monet (Private) Limited has successfully secured PCI DSS 3.1 accreditation and is now amongst the handful of companies worldwide that have achieved this security certification. Monet was certified by Risk Associates, which is a leading, globally recognized, QSA Company.

The PCI DSS certification is a set of comprehensive requirements for enhancing payment account data security developed by the PCI Security Standards Council. The certification focuses on data security measures on payment transaction routing, storing and processing to protect cardholder’s data.

Leveraging the PCI DSS certification, Monet now has the ability to offer its customers – banks and merchants – with the highest level of security available in the market. Monet’s compliance with global certifications provides an opportunity to offer payment services along with value-added features on a global scale and in a secured environment.

Ali Abbas Sikander, CEO of Monet highlighted, “Securing the PCI DSS certification further strengthens Monet’s position as a payment services provider. This certification gives us the opportunity of providing our customers with cost-effective payment solutions, ranging from terminals to managed payment services, addressing PCI DSS standards with the highest level of security requirements.”

Dr. Aftab Rizvi, CEO of Risk Associates added, “Compliance with latest security standards and certification demonstrates the commitment of a company to keep the customer’s information and data secure at the highest level. Achieving PCI DSS v3.1 certification is a major milestone for Monet and is a critical component of its comprehensive and transparent leadership effort to protect the businesses.”

Monet is one of the fastest growing payment facilitators and mobile financial services provider in Pakistan with solutions ranging from Card / Mobile Wallet Issuance, Mobile Point of Sale Acceptance, Payment Gateway, Utility Bill Payments, Merchant Payments and Mobile Banking. Monet has as a highly capable team of payment technology experts servicing the electronic and mobile commerce ready segments as well as the unbanked and underserved population in Pakistan by introducing new and innovative product offerings in various industry verticals, such as Banking, Telecommunication, Insurance, Cash-on-Delivery (COD), Transport, Courier services, Health Services and Government Payments (P2G & G2P).