Leading payment solutions provider BPC has extended its collaboration with Bahrain-based International Payment Services, a leading third party payments processing and payments firm. 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 state-of-the-art 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. The platform ensures the highest infrastructure standards and the most advanced security setups.
The complete range of products and services forms a part of the unified SmartVista platform which results in delivering a cost-effective solution. Over the course of this four-year engagement, SmartVista’s integrated capabilities have helped leverage IPS’ business prospects in gaining significant market share while also serving as a hub for banks looking to optimize their operations in the Middle East and Africa.IPS 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.