Bank of Punjab and PayNet sign agreement to facilitate
Point-of-Sale payment services
Bank of Punjab (BOP) has entered into a strategic
partnership with PayNet Private Limited, a wholly-owned subsidiary of Omega IT
Solutions United Arab Emirates, renowned for its expertise in Digital Payment
business solutions. This collaboration marks a significant milestone in BOP's mission
to introduce Point-of-Sale (POS) payment services, with plans to expand its
reach through additional Independent Sales Organizations (ISOs) for
comprehensive nationwide coverage.
The bank will serve as a bridge between merchants, issuers,
and payment networks, providing state-of-the-art POS machines that facilitate
cashless transactions, enabling retailers to embrace digital payments. These
POS machines are compatible with all types of cards.
Bank
of Punjab emerges as top mid-sized bank in commercial banking industry
To commemorate this historic achievement, a ceremony was held
at a prominent local hotel in Lahore. The event served as a platform to
acknowledge the invaluable contributions of key individuals who played pivotal
roles in this project. Distinguished guests at the ceremony included Mr. Zafar
Masud, President & CEO of BOP, and other esteemed members of the senior
management team.
Addressing the audience, Mr. Zafar Masud stated, "The
Bank of Punjab is diligently leading the modernization of retail services in
the country by enhancing our digital offerings and promoting economic
documentation. We are already committed to providing top-notch services to
SMEs, corporate entities, and government sectors. With the launch of our
Merchant Acquiring business, we aim to strengthen these strategic partnerships,
empowering BOP to deliver innovative and industry-leading payment solutions to
customers nationwide."
Bank
of Punjab and Board of Revenue Balochistan start E-Stamping project
As the Bank of Punjab embraces the future with its Merchant
Acquiring Business, it underscores its dedication to fostering a digitally
advanced and financially inclusive landscape in Pakistan. The bank's unwavering
commitment to excellence and innovation promises a brighter and more accessible
future for all.
Source: Daily Pakistan