TPS has been a technology enabler and has been working with financial institutions in Pakistan for over 25 years. During this time, TPS has helped Pakistan’s payment industry to discover and adapt new versatile payment use cases. Underlining the key advantage of TPS’s proven record of accomplishment in the payment business, continuous ingenuity and innovations, expertise of the TPS team, concentrated local support in region and significant investment in R&D.
TPS has been one of the pioneers in Digital Banking Solution with an extensive mobility suite and has been operating with the digital suite clubbed with wallet services for multiple institutions globally. The digital wallet setup offers a comprehensive eco-system that can provide a collection of digital services. These services range from customer boarding, KYC, bill payments, person to person transfers, merchant payments, OTC based services via agent network, remittance and others to the institutions customer. With the digital suite, institutions are able to foster their offerings in order to capitalize on the uptake of the untapped population. Getting them into the financial ambit to offer versatile and innovative digital financial services.
Mobilink Microfinance Bank Ltd. is Pakistan’s largest digital bank with over 40 million registered users including 16+ million monthly active mobile users. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 100 branches and 200,000 branchless banking agents, and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion.
Mobilink Microfinance Bank is part of the VEON group, a global digital operator that provides converged connectivity and online services across seven countries. As part of its digital operator strategy, VEON is transforming people’s lives, creating opportunities for greater digital inclusion, and driving economic growth across countries that are home to more than 8% of the world’s populationWith so many success stories already under their belt, Mobilink Microfinance bank has partnered up with TPS for IRIS Digital Banking Mobility Suite to boost digital experience for the customers.
Designed for ease of use and agility, the IRIS Digital banking suite will help customers experience an array of digital banking features and perform all sorts of transactions through their accounts. These features include funds transfer, bill payments, mobile top-ups, loan summaries, movie, bus and, airline tickets, e-statements, management of Cheque and debit cards, and a lot more with only a few taps on smartphones.
Sharing his thoughts, Group CEO, TPS Worldwide, Shahzad Shahid said: “Mobilink Bank is amongst few microfinance banks who are using both traditional and digital approaches for faster and sustainable growth. We feel privileged to be technology partner of the bank in many of its successful digital payment initiatives and this project of IRIS Digital Banking Platform will surely accelerate the bank’s progress towards more agile and digitally responsive bank. We wish bank success in its aggressive growth plans.”
Speaking on the occasion, President and CEO, MMBL, Ghazanfar Azzam said: “Digital technology is transforming to foster greater ease and convenience for its users. Given the centrality of technology to growth and progress, MMBL is keen to stay abreast with this fast-paced transformation to be able to deliver a top-notch user experience to our customers. Our partnership with TPS is an extension of the same commitment where we are looking to integrate the industry’s best solutions into our system to further improve our customers’ banking experience with us, besides accelerating our drive to promote financial inclusion in the country.”
