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March 31, 2016updated 04 Apr 2017 3:59pm

SmartVista powers Afghanistan’s national payment system

Payment solutions provider BPC Banking Technologies in association with Da Afghanistan Bank has launched Afghanistan’s national payment system based on SmartVista.

By Verdict Staff

Payment solutions provider BPC Banking Technologies in association with Da Afghanistan Bank has launched Afghanistan’s national payment system based on SmartVista.

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SmartVista, a single processing platform to switch all transactions flows, ensures comprehensive card products issuance and acquiring to manage all ATMs and POS-terminals networks.

Called Afghanistan Payments Systems, the payment network is a consortium of financial institutions funded by Da Afghanistan Bank (standing as the Central Bank) through the World Bank.

The network aims at developing the retail banking market in Afghanistan by offering electronic and mobile payment services.

BPC Banking Technologies managing director of MENA Angelo Bertini said: "This state initiative connects all the banks in one payment network which will bring transparency to the financial markets and raise confidence in payment services among citizens."

Central Bank of Afghanistan governor Khalil Sediq said: "The state initiative under Da Afghanistan Bank resulting in the creation of a single platform and payments network creates seamless and transparent interaction of all banks in the country."

APS managing director Zaheer Bawar said: "We believe the platform provided by BPC enables us to go to market faster and will also provide the financial industry in Afghanistan with access to high-quality services and state-of-the-art solutions."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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