BPC and Bahrain-based FinTech IPS expand cooperation

By Leandra Monteiro

Payment solutions provider BPC has expanded its partnership with Bahrain-based International Payment Services BSC (IPS), a third-party payment processing company. As part of the agreement, BPC will allow IPS to expand the use of its open system, the e-payment platform ‘SmartVista’.

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.

A comment on the collaboration, Hany Al Deeb, Managing Director GCC & Iraq, BPC said: “Empowering other payment technology companies to serve their own market is what we do best – and we’re thrilled that so many are leveraging SmartVista’s robustness and ability to scale from a fintech to a 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.”

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.

Ebrahim Janahi, CEO 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 with its growth strategy, we are once again turning to BPC to assist us with expanding the range of customer services using the SmartVista platform. The technology has proven its seamless payment processing and we are confident that it will continue to deliver on its promise.”