The Financial institution of Punjab (BOP), acknowledged as one of many nation’s premier industrial banks, has launched into a pioneering journey by unveiling its cutting-edge Level of Sale (POS) cost options and on-line cost gateway providers. BOP is the seventh Financial institution providing this service out of the whole of 41 industrial and specialised banks within the nation. This strategic transfer reinforces BOP’s dedication to enriching its digital retail choices and expediting the evolution of the nation’s digital ecosystem.
In pursuit of this bold endeavor, the Financial institution of Punjab (BOP) has solid a strategic alliance with PayNet Personal Restricted, a wholly-owned subsidiary of Omega IT Options United Arab Emirates famend for its experience in Digital Cost enterprise options. This collaboration signifies a pivotal milestone in BOP’s mission to introduce Level-of-Sale (POS) cost providers to the market, with plans to develop its attain by way of extra Unbiased Gross sales Organizations (ISOs) for complete nationwide protection.
The Financial institution will act as a hyperlink between retailers, issuers and cost networks by providing them state-of-the-art POS machines and make cashless transactions obtainable over the counters, enabling retailers to profit from the adoption of digital funds. The POS machines help acceptance of all forms of playing cards.
To commemorate this momentous event, a ceremony was held at a outstanding native lodge in Lahore. The occasion served as a platform to acknowledge the invaluable contributions of key people who performed pivotal roles on this undertaking. Dignitaries current on the ceremony included Mr. Zafar Masud, President & CEO of BOP, and different esteemed members of the senior administration staff.
Talking on this event, Mr. Zafar Masud remarked, “The Financial institution of Punjab is diligently spearheading the modernization of retail providers throughout the nation by enhancing our digital choices and selling financial documentation. We’re already dedicated to offering top-notch providers to SMEs, company entities, and authorities sectors. With the launch of our Service provider Buying enterprise, we intention to fortify these strategic partnerships, empowering BOP to ship revolutionary and industry-leading cost options to prospects nationwide.”
Because the Financial institution of Punjab embraces the longer term with its Service provider Buying Enterprise, it underscores its dedication to fostering a digitally superior and financially inclusive panorama in Pakistan. The financial institution’s unwavering dedication to excellence and innovation guarantees a brighter and extra accessible future for all.
