The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

BPC Banking Technologies, the leading provider of digital payment solutions, has partnered with Pakistan’s Meezan Bank to deliver its digital transformation agenda starting with the upgrade of its payment infrastructure. BPC’s SmartVista platform has been selected by Meezan to deliver state-of-the-art issuing and acquiring services for the bank.
With the pandemic driving rapid adoption of digital services, and the fast growth of e-commerce in Pakistan, the bank is expected to foresee massive growth in channels and transaction volume. The bank’s move to invest in its digital payment infrastructure forms a part of its strategy to support both consumers and businesses during these challenging times.

BPC’s SmartVista Switch solution will be used by Meezan Bank to manage the authorization of payment transactions in real-time, across all channels. With an aim to provide a frictionless digital banking and payment experience for its customers, the bank will rely on the solution’s instant routing of payment transactions.
Using BPC’s SmartVista Card Management and Issuing solution, Meezan Bank will also strengthen the delivery of new payment instruments to its customers mainly used upon account opening, while also offering a more secure e-commerce experience.
Mr. Faizur Rehman, Group Head of Information Technology and Digital Banking at Meezan Bank said,

Pakistan has seen massive growth in its digital payment market, driven by the shift to go digital during the Covid-19 pandemic. We need to have the right digital payment infrastructure in place to offer new payment experiences to consumers, as well as payment acceptance capabilities to companies. Leveraging BPC’s years of expertise and its robust solutions will help us adapt to these changes fast. We are confident that by combining the latest technology with our product offering, we can deliver excellent customer experience in this fast-moving landscape.

The Pakistani Government has targeted to achieve $5 billion in e-commerce sales in the next three years. As a result, the Government is investing in enhancing e-commerce payment gateways, which enable merchants to accept credit, debit and prepaid card payments on their websites.

Re: The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

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Re: The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

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Re: The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

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Re: The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

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Re: The Pakistani Government has targeted to achieve $5 billion in e-commerce sales.

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