Meezan Bank Migrates Entire Payments Business to New Platform
Meezan Bank (PSX: MEBL) has migrated 7.5 million active cards, all its merchants and its payment processing operations to BPC’s … Read More The post Meezan Bank Migrates Entire Payments Business to New Platform appeared first on ProPakistani .
Meezan Bank (PSX: MEBL) has successfully migrated its entire payments business to BPC's SmartVista platform, encompassing card payments, point-of-sale transactions, e-commerce, QR payments, payment gateway services, fraud management, and instant payments. The platform, capable of processing over 1,500 transactions per second during peak periods, handles around 7.5 million active cards, 2 million Raast transactions daily, and manages a network of more than 100,000 QR codes.
Group Head of Information Technology at Meezan Bank, Faiz ur Rehman, stated that the migration would support the bank's continued growth in card business, merchant services, digital payments, and Raast, while maintaining operational continuity.
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