TPS, a provider of payment and cards solutions worldwide with 80% market share in debit card industry of Pakistan, has unveiled that Easypaisa, that launched ATM cards for its account holders last month, is using its IRIS Enterprise Payment Switch for the provision of ATM services.
IRIS Multi-Channel Switch provides comprehensive card management, multi-channel acquiring and connectivity with 1LINK ATM network. IRIS integration with Fundamo’s m-wallet platform allows easypaisa customers to avail e-banking services through ATMs and POS machines.
TPS has said that Easypaisa’s ATM cards are highly secure and convenient where customers will no longer need to visit an easypaisa outlet to avail easypaisa services.
With the launch of Easypaisa mobile account ATM cards, Easypaisa customers can not only withdraw cash from ATMs nationwide but can also make fund transfers, bill payments and withdraw cash on Tameer Bank POS machines.
This card program paves way for significantly improving financial inclusion for easypaisa customers who can receive payments from governmental institutions such as Benazir Income Support Program (BISP), Employees Old Age Benefit Institute (EOBI) and many others.
“It has been an honor for us to be the technology backbone of Easypaisa. This initiative demonstrates the trust both parties have placed on TPS and our IRIS payment switch platform and we look forward to support Easypaisa in rolling out many more innovative services for customer convenience and success of branchless banking in Pakistan.” – Shahzad Shahid, Chief Marketing Officer, TPS.