KARACHI, Pakistan — Bank Alfalah, a bank in Pakistan owned by Abu Dhabi Group, has awarded TPS the contract for driving its countrywide point-of-sale network, according to a news release.
Bank Alfalah, a premier financial institution operating locally and internationality, provides the complete range of financial services to all corporate and consumer segments. The bank's revolutionary credit card, free for life, and more than 22,000 POS terminals has crowned Alfalah as the largest issuer and merchant acquirer in Pakistan. Following aggressive growth plans in both cards issuing and acquiring, Alfalah has outsourced its credit card systems to First Data Corp., a global provider of electronic commerce and payment services.
TPS is honored to be selected as Alfalah's technology partner for the bank's merchant acquiring.
With the solution in place, the bank's credit card holders will enjoy various value-added services across all electronic delivery channels of the bank. Phoenix, a dependable e-payment solution, will power the point-of-sale (POS) network of Bank Alfalah.
