London/Manana – Leading payment solutions provider BPC has expanded its partnership with Bahrain-based International Payment Services BSC (closed) (“IPS”), a leading third-party payment processing and payments company. As part of the agreement, BPC will allow IPS to expand the use of its open system e-payment platform ‘SmartVista’.
Headquartered in Bahrain and licensed by the Central Bank of Bahrain, IPS supports banks and financial institutions in managing their end-to-end payment processing functions Since the launch of IPS in 2017, BPC has been engaged with IPS to help develop, certify products to support banks , fintechs, government entities and merchants with its state-of-the-art digital payment platform.
Through the use of BPC’s SmartVista platform, IPS is able to perform core payment activities involving third party processing services, electronic payment gateway solutions, prepaid cards, wallets and exchange services. The platform ensures the highest infrastructure standards and the most advanced security setups.
The entire range of products and services form part of the unified SmartVista platform resulting in delivering a cost-effective solution.
During this four-year engagement, SmartVista’s integrated capabilities have helped leverage IPS’ business prospects to gain significant market share, while acting as a hub for banks looking to optimize their operations in the Middle East and Africa.
IPS is now ready to take the next step in its scaling journey and through its renewed collaboration with BPC has expanded the use of SmartVista. This will support the expansion of services as IPS welcomes more banks into its processing center for instant card issuance channel management, including ATM, POS, internet and mobile banking, end-to-end merchant management and fraud prevention.
Commenting on the collaboration, Hany Al Deeb, Managing Director of GCC & Iraq from BPC: “Empowering other payment technology companies to serve their own market is what we do best – and we’re thrilled that so many are taking advantage of SmartVista’s robustness and ability to scale from fintech to high volume processing firm. Since we first started working with IPS, the company has greatly benefited from SmartVista’s integrated capabilities for authorization and exchange, fraud monitoring and risk management, dispute and chargeback management, and ATM management. Looking ahead, we are excited to continue our journey with the company as it embarks on new services for customers across new borders. “
Mr. Ebrahim Janahi, Managing Director of IPS said: “We have been truly impressed with the technology and service we have received from BPC and believe they have been instrumental in achieving our business goals. As our company continues its rapid expansion, we turn to once again to BPC to help us expand our range of customer services using the SmarVista platform. The technology has proven to work and we are confident it will continue to deliver.”
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About IPS
Regulated and licensed by the Central Bank of Bahrain (CBB), IPS serves banks and financial institutions in the Middle East and Africa (MEA) region, covering issuance, procurement, ATM, digital banking and FinTech innovation. Established in the Kingdom of Bahrain in 2017, IPS is the fastest growing payment processor in the region with its innovative, secure and ingenious payment solutions for its customers.
Banks leverage IPS’ fully integrated omnichannel payments platform and robust IT infrastructure to seamlessly transform their legacy applications into state-of-the-art systems. Customers have benefited from quickly launching IPS digital payment solutions with newer revenue streams at significantly reduced costs.
https://ips.com.bh/
About BPC
Founded in 1996, BPC has transformed over the years to deliver innovative and best-in-class proven solutions that fit with today’s consumer lifestyle when banking, shopping or moving in both urban and rural areas, bridging the gap between real life and the digital world. With 350 clients across 100 countries globally, BPC works with all ecosystem players ranging from tier 1 banks to neobanks, payment service providers (PSPs) to major processors, e-commerce giants to merchant start-ups and government bodies to local hail companies. BPC’s SmartVista suite encompasses cutting-edge banking, commerce and mobility solutions, including digital banking, ATM and exchange, payment processing, card and fraud management, financial inclusion, commerce portals, transport and smart city solutions.
www.bpcbt.com
