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Allied Bank Strategic Partnership with BPC to introduce Merchant Acquiring Services

Categories: Islamic Banking Media Center, Notices from ABL

ABL being the leading bank has heavily invested in digital transformation. In order to further enhance customer experience and to contribute toward expansion of digital payments ecosystem in the country, ABL has entered into a strategic partnership with BPC to introduce Merchant Acquiring Services. This solution will entail frictionless merchant onboarding and payment experience for customers of ABL and other domestic and international financial institution from thousands of merchant locations across Pakistan.

The signing ceremony was held at Allied Bank’s Head Office, Lahore and was attended by Senior Management of both the organizations along with officials of ABL 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 the 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 of being able to accept payments digitally. By selecting BPC and its SmartVista platform, Allied Bank can be sure that their business clients will be able to accept payments in addition to offer a user-friendly, safe, and convenient experience to buyers across Pakistan.”

ABL is one of the leading banks in Pakistan having a large network of over 1425 online branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.

Founded in 1996, BPC, with 350 customers across 100 countries globally, collaborates with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, ecommerce giants to start-up merchants, and government bodies to local hail riding companies.

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