Allied Bank Pakistan picks BPC to launch SME acquiring business
Through the partnership, both firms aim to support merchant and business acquisitions as well as enable payments in-store, online and in-app.
The agreement includes the adoption of BPC’s SmartVista platform – which helps bring together internal systems and third-party partners. It will also enable a number of “micro-services” for omnichannel merchant onboarding and management, merchant portal and apps, payment acceptance services including point of sale (POS) and QR acquiring, as well as fraud and risk prevention.
By partnering with BPC, Allied Bank says it aims to “make it easy for SMEs to open a business account online and accept payments, as well as manage how they are handling their finances, forecasting, and performance”.
“Payments acceptance has become the number one concern for businesses and merchants as it impacts critically on their bottom line and customer retention,” says Ahson Saeed, managing director, BPC Pakistan.
“By selecting BPC and its SmartVista platform, Allied Bank can be sure that its business clients will be able to accept payments in addition to offering a user-friendly, safe, and convenient experience to buyers across Pakistan.”
Headquartered in Lahore, Allied Bank has over 1,400 branches across the country and more than 1,500 ATMs.
In October 2020, BPC was picked by another Pakistani bank – Meezan Bank – for its SmartVista platform and other payment solutions.