NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions and 1LINK (Guarantee) Limited, an interbank payment network service provider in the country have agreed to developa strong payment infrastructure in Pakistan.
In this respect the two orgnizations 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 its cutting-edge 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.
“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,” commented Mr. Ashraf Masood, country manager, NCR Financial Solutions, 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.