NCR Corporation (NYSE: NCR), an omni-channel solutions provider and 1LINK (Guarantee) Limited, an interbank payment network service provider in the country, signed a contract for ‘Procurement and Implementation of Payments Application’ solutions to improve agility and responsiveness, enabling 1LINK to very rapidly roll out new products and services.
Under this agreement, NCR Corporation will provide 1LINK with NCR Authentic, an intelligent transaction processing platform designed for today’s payment business solution. In addition to the solution, the contract includes implementation and deployment services by NCR Corporation.
This collaboration will empower both the organizations to jointly provide an efficient, cost effective and strong payment infrastructure. In addition, it will drive the growth of payments by promoting new, secure, and more convenient ways to pay, and thereby advancing e-payments in established and emerging markets of Pakistan.
Mr. Ashraf Masood, country manager, NCR Financial Solutions Pakistan commented,
Providing an efficient, cost effective and strong payment infrastructure in a developing nation like Pakistan is extremely critical to advancement of its financial and banking system. Our earnest desire is to ensure that NCR’s cutting-edge technologies and solutions spur growth of payment through new, secure and convenient means. We remain certain that our earnest endeavors will lead to increased customer confidence in e-payment models and services thereby augmenting its usage across Pakistan,
Mr. Wael El Aawar, NCR Area Sales VP, Financial Services Middle East and Africa was also present on the occasion. Citing NCR’s longstanding presence in Pakistan he stated,
We wish to collaborate closely with 1LINK in reshaping the payments landscape of the country. NCR has been present in Pakistan with non-stop operations since 1950 and we look forward to continuing this legacy of partnership in the coming years
1LINK which is focused on the people of Pakistan, empowering them with the most relevant e-payment modes and services, has also launched the first domestic payment scheme of Pakistan, PayPak, which is a major milestone in the innovation and expansion of the payments environment of the country.
1LINK is also recognized as the largest interbank payment network service provider in Pakistan, also being responsible for the development and operations of the Inter-Member Bank Network. Hence, 1LINK aims to play its critical role in the evolution of Pakistan’s payment landscape.
“We are hopeful that this partnership will open more avenues for both the organizations to work mutually to provide groundbreaking services for payments market in Pakistan.
We expect NCR’s Authentic to ensure that seamless services will be offered to our member banks, telcos, billers, bill aggregators & initiators, Micro Finance Banks and Fintechs,” commented Mr. Najeeb Agrawalla, CEO, 1LINK (Guarantee) Limited.