Closely following the launch of Go by OSN, described as the region’s fastest-growing premium online TV service, and the revamp of its website to offer multiplatform access, OSN, the region’s major pay-TV network, has fortified its online payment channel with an “unprecedented industry-first.”

OSN has now become the region’s first home entertainment provider to introduce the “highly secure” CyberSource payment management solution for its subscribers.

This follows an agreement with leading financial institution, Mashreq, and CyberSource, a Visa company, delivering payment management solutions to over 400,000 merchants worldwide, to provide secure online payment services for Mashreq Bank’s merchant clients.

OSN, a merchant client of Mashreq, is among the first to leverage the significant advantages of the new relationship with CyberSource. OSN subscribers and Go by OSN users across the region will benefit from an extra cover of cyber security.

“The agreement with Mashreq and CyberSource will help ensure total security and convenience for OSN customers for any card transaction – whether it’s through our award-winning customer service center, at an OSN point of sale or online via our website,” said David Butorac, CEO of OSN.

“Mashreq prides itself in building market defining propositions and we are delighted to launch this innovative online payment product with one of our key partners, OSN. This is the first large scale implementation of a state-of-the-art secure and encrypted form of card data usage and storage Tokenization as a payment mode in the country. Besides vastly improving the online payment experience for users it will create an unparalleled level of data security,” adds Nimish Dwivedi, head of payments of Mashreq.

Gups Jutla, head of business development, MENA, CyberSource, said: “We believe this agreement helps Mashreq to provide fast, safe and a seamless buying experience to its merchant customers thereby accelerating the adoption of online payments.”