Comments (0) Banks, Fintech news, p2p-payments, Remittances

Askara Bank taps TPS for PayPak roll out


By Finextra

Askari Bank Limited is proud to launch Askari PayPak Card. This initiative was undertaken in association with TPS as a trusted technology partner.

PayPak is a domestic payment scheme which was launched earlier this year by 1LINK – the largest domestic interbank network in the country. The launch of PayPak card by Askari Bank is a progressive step towards enabling greater financial inclusion in Pakistan. With a domestic scheme in place, the Bank will be able to provide efficient and cost effective payments solutions to its customers. Askari PayPak cards holders will have the ease of making cash withdrawals through ATMs across the country.

Askari Bank deployed the TPS card management and transaction switching platform to quickly roll-out innovative services to furnish its cards, payments and digital banking roadmap. The swift execution of the Askari-PayPak project by TPS is a testament to its delivery capability which enabled the Bank to reduce its time-to-market and fulfill its commitment to the market.

“Askari Bank Limited is proud to be the first bank in Pakistan to launch the PayPak Card. We are pleased with TPS’s delivery speed and thankful for their support and valuable assistance.”
Asim Bashir, Country Head – ADC, Askari Bank Limited

“PayPak is going to transform the digital payments landscape in Pakistan by ensuring digital financial access to both the unserved and underserved population of the country. We are proud to be Askari Bank’s trusted technology partner and consider our selection for this project as an endorsement of trust in reliability of our solutions and delivery capability.”
Shahzad Shahid, CEO, TPS

First appeared at Finextra

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