Keeping in view its vision of a customer-focused bank with service excellence, Bank of Punjab (BOP) opens new doors of convenience for its customer base of over 700,000 customers. BOP has an extensive network of 306 branches across Pakistan with over 126 ATMs. It will be the first bank in Pakistan going for Debit MasterCard issuance over 1Link in partnership with TPS. This will also be BOP’s first set of branded debit cards.
Customers can now use their debit cards globally at all MasterCard accepting POS locations and ATMs. MasterCard is accepted worldwide at over 36 million locations. Coming from one of the largest networks of payment cards, MasterCard debit card is an emblem of convenience, accessibility and control.
1LINK is the largest shared ATM network of Pakistan and has partnered with VISA and Union Pay to enable all banks on its network to issue and acquire VISA and Union Pay enabled cards. Through this initiative, 1LINK for the first time will allow MasterCard enabled debit cards on its network using TPS switch at its core.
TPS in addition to being 1LINK’s technology backbone also enjoys an exclusive relationship with BOP as its technology partner. TPS has extensive expertise in the domain of cards and payment solutions. TPS systems powering the bank’s operations include Phoenix, Insight and ACCeSS. The Debit MasterCard issuance will be using Phoenix and ACCeSS solutions at its backend.
“BOP’s relationship with TPS goes a long way. Their solutions are reliable and their expertise commendable as a leading e-banking solution provider. We look forward to many more ventures with them” Mustafa Hamdani, Group Head – Payment Services The Bank of Punjab.
“TPS is honored to be BOP’s trusted technology partner. We will work hard to ensure this venture follows our record of successful deployments in BOP. ” Shahzad Shahid Chief Marketing Officer, TPS.
“This project undertaking marks a milestone for us as we for the first time provide Debit MasterCard issuance over 1LINK. It’s always a privilege working with TPS on its endeavors with different financial institutions. ” Faisal Ejaz, 1LINK Guarantee Limited Chief Executive Officer.