Allied Bank, being a leading bank, has heavily invested in digital transformation. To further enhance customer experience and contribute toward the expansion of the digital payments ecosystem in Pakistan, ABL has entered into a strategic partnership with BPC to introduce Merchant Acquiring Services. This solution will enable frictionless merchant onboarding and provide a seamless payment experience for customers of ABL and other domestic and international financial institutions from thousands of merchant locations across Pakistan.
The signing ceremony was held at Allied Bank’s Head Office in Lahore and was attended by senior management from both organizations, along with officials from ABL’s legal counsel, Mandviwala & Zafar Associates.
“We are excited to partner with BPC to start the merchant acquiring business. This journey is evidence of our commitment and ambition to impact the payments ecosystem in Pakistan. I believe this will enable businesses through innovation in POS, eCommerce, and QR solutions to grow and expand further,” said Sohail Aziz, Chief Digital Banking Officer at Allied Bank.
Mr. Ahson Saeed, Managing Director of BPC Pakistan, commented, “With rapid growth in the adoption of digital payment instruments such as cards, wallets, and QR codes, payment acceptance is becoming a priority for businesses and merchants as it is convenient and improves customer experience and retention. Businesses today require ease, access, affordability, transparency, and convenience in accepting digital payments. By selecting BPC and its SmartVista platform, Allied Bank can be sure that their business clients will be able to accept payments while offering a user-friendly, safe, and convenient experience to buyers across Pakistan.”
ABL is one of the leading banks in Pakistan with a large network of over 1,425 online branches and 1,500+ ATMs nationwide. It offers various technology-based products and services to its diverse clientele. For more information, visit www.abl.com.
Founded in 1996, BPC serves 350 customers across 100 countries globally. It collaborates with all ecosystem players, ranging from tier-one banks to neobanks, Payment Service Providers (PSPs) to large processors, e-commerce giants to start-up merchants, and government bodies to local ride-hailing companies.