Payment solutions provider BPC announced that it has extended its collaboration with Bahrain-based International Payment Services (IPS).
As part of the agreement, BPC will allow IPS to extend the use of its open system e-payment platform ‘SmartVista’.
Headquartered in Bahrain and licensed by the Central Bank of Bahrain, IPS supports banks and financial institutions to manage their end-to-end payment processing functions.
Since the launch of IPS in 2017, BPC has been engaged with IPS to help develop, certify products to support banks, fintechs, government entities and merchants with its digital payments platform.
Through the use of BPC’s SmartVista platform, IPS is able to perform core payment activities that involve third party processing services, electronic payment gateway solutions, prepaid cards, wallets and switching services.
IPS said that it is now ready to take the next step in its scaling journey and through its renewed collaboration with BPC has extended its use of SmartVista.
This will support the expansion of services as IPS welcomes more banks into its processing center for instant card issuing channel management including ATM, POS, internet and mobile banking, end-to-end merchant management and fraud prevention.
Hany Al Deeb, Managing Director GCC & Iraq from BPC said,
“Since we first started working with IPS, the company has benefited greatly from SmartVista’s integrated capability for authorisation and switching, fraud monitoring and risk management, disputes and chargeback handling, and ATM management.
Looking ahead we are delighted to be continuing our journey with the company as it embarks on new services for customers across new frontiers. “
Ebrahim Janahi, CEO of IPS said,
“We have been really impressed by the technology and service that we have received from BPC and believe that they have been instrumental in achieving our business goals.
As our company continues its rapid expansion, we are turning to BPC once again to help us extend the range of our client services using the SmarVista platform.”