TDT | Manama The Daily Tribune – www.newsofbahrain.com Leading payment solutions provider BPC has extended its collaboration with Bahrain-based International Payment Services (IPS), a leading third-party payments processing and payments firm. As part of the agreement, BPC w
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Leading payment solutions provider BPC has extended its collaboration with Bahrain-based International Payment Services (IPS), a leading third-party payments processing and payments firm.
As part of the agreement, BPC will allow IPS to extend the use of its open system e-payment platform ‘SmartVista’.
This will support the expansion of services as IPS welcomes more banks into its processing centre for instant card issuing channel management including ATM, POS, internet and mobile banking, end-to-end merchant management and fraud prevention.
Headquartered in Bahrain and licensed by the Central Bank of Bahrain, IPS supports banks and financial institutions to manage their end-to-end payment processing functions.
Since the launch of IPS in 2017, BPC has been engaged with IPS to help develop, and certify products to support banks, fintechs, government entities and merchants with its state-of-theart digital payments platform.
Through the use of BPC’s SmartVista platform, IPS is able to perform core payment activities that involve third-party processing services, electronic payment gateway solutions, prepaid cards, wallets and switching services.
The complete range of products and services forms a part of the unified SmartVista platform which results in delivering a cost-effective solution.
Over the course of this fouryear engagement, SmartVista’s integrated capabilities have helped leverage IPS’ business prospects in gaining significant market share while also serving as a hub for banks looking to optimise their operations in the Middle East and Africa.
Hany Al Deeb, Managing Director GCC & Iraq from BPC said: “Looking ahead we are delighted to be continuing our journey with the company as it embarks on new services for customers across new frontiers.”
Ebrahim Janahi, CEO of IPS said: “As our company continues its rapid expansion, we are turning to BPC once again to help us extend the range of our client services using the SmarVista platform.
The technology has proven that it works and we are confident that it will continue to deliver on its promise.”
