ConnectPay a subsidiary of THK
Solutions (Private) Limited (THKS), recently signed a tri-party agreement with
1LINK [Guarantee] Limited (1LINK) and Faysal Bank Limited (FBL) to digitize
their payment collection methods. The collaboration allows ease of B2B & B2C
payment collection through different service channels of banks.
THK Solutions is operating in the
payment landscape for few years and this partnership with 1LINK & FBL will
provide the opportunity for THKS to enter a new market segmentsegment market;
THK will play its role as an aggregator where Faysal Bank will cover the
settlement function.
This collaboration will empower
both THKS and 1LINK 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.
Mr. Anwar Matin, CEO THKS after
signing the agreement commented, “This strategic alignment, will make online
payment transaction infrastructure accessible to all business entities and
provide convenient, quick payment acceptance capabilities to any business that
needs to process payments from their end customers.”
Speaking on this occasion, the
CEO of 1LINK - Mr. Najeeb Agrawalla, stated, “Times have changed and technology
is changing rapidly. We need to stay competitive and offer the best solutions
to our customers. We are proud of our success and through our collaboration
with THKS, we are confident that our customers will be appreciative of the
expediency that will be enabled in payment industry.”
About THKS: (Anwar Matin – CEO; Syed Asif Hasan – COO; Syed Yousuf
Ali – Sr. Manager Business)
THK
Solutions (Private) Limited is partially owned by Elahi Group, one of the
leading diversified group active in logistics, manufacturing, financial and
technology businesses. THKS is a certified Microsoft Gold Partner and ISO
9001-2000 software development and consultancy firm providing end-to-end
services in the field of software consulting, development, the supply and
support of information systems, and business processes. THKS is a recognized
name in the Information Technology & Consulting Industry in Pakistan and
has been active in developing technology solutions for almost twenty years.
About 1LINK:(NajibAgrawala
– CEO; Bashir Khan – COO; Azimullah Khan – CIO)
1LINK
(Guarantee) Limited, owned by a consortium of 11 banks, is the country’s 1st
PSO/PSP and largest switch and payment system, providing a host of valuable
online banking services like ATM switching, Bills Payment, Inter Bank Funds
Transfer, Fraud Risk Management, Switch Dispute Resolution, Global Payment
Schemes, PayPak – Domestic Payment Scheme, etc. 1LINK is continuously evolving
and adding new products and services to benefit the financial industry.
About FBL: (Syed Zaheer Abbas – Head Consumer Finance & ADC
Opps; Omer Farooq – Head Financial Institutions)
Faysal
Bank Limited has been providing quality Commercial, Retail, Corporate and
Islamic banking services in Pakistan for almost a quarter century. Spread over
more than 120 cities with over 400 (including 197 Islamic) branches, and total
assets in excess of PKR 444.5 billion, FBL is one of the significant players in
the Pakistani banking industry. Faysal Bank’s ambition is to provide par
excellence service to its customers while meeting their financial needs.
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