End-to-end solutions help reach unbanked population in Pakistan
KARACHI, Pakistan, 2017-Jan-26 — /EPR Retail News/ — According to a World Bank report, more than 50 percent of people in Pakistan remain unbanked—lacking access to critical financial services.1 MCB Islamic Bank Limited, a new bank in Pakistan, is expanding access to financial services and reaching the unbanked population with new cash dispensing technology and software from Diebold Nixdorf.
MCB Islamic Bank is opening new branches across Pakistan and will outfit each branch with Diebold Nixdorf’s latest self-service platform and software.
“Our goal is to provide our customers with the most reliable and advanced technology to ensure they receive positive experiences at our bank every time,” said Sufian Saeed, head of digital banking and alternative delivery channel, MCB Islamic Bank Limited. “Diebold Nixdorf’s superior self-service technology and software enables us to remain at the forefront of retail banking and deliver the best quality services to our customers.”
The new technology, equipped with biometric authentication and powered by Diebold Nixdorf’s dynamic software, will enable the bank to drive connected commerce and enhance the consumer experience with increased security and convenience while providing a seamless experience across their entire network.
“As financial institutions expand their reach within the region, we will continue to serve as a true partner to provide industry-leading technology and services to shape the future of consumer transactions,” said Habib Hanna, Diebold Nixdorf managing director, Middle East. “We are committed to creating collaborative partnerships with financial institutions, such as MCB Islamic Bank, to enable broader access to financial services and provide best-in-class consumer touchpoints for every market.”
In addition, a local distributor, Touchpoint Limited, will provide full maintenance services to ensure the highest level of availability on the new ATMs. “We are excited to partner with MCB Islamic Bank and will continue to work closely with Diebold Nixdorf to bring the most innovative solutions to the market,” said Tabish Sabah, CEO, TouchPoint Pvt. Limited.
About MCB Islamic Bank Limited
MCB Islamic Bank was established on 14 September 2015. We are successfully providing Shari’ah compliant products and services, approved by our Shari’ah Board, to customers interested in Islamic Banking. MCB Islamic Bank Limited obtained its banking license from the State Bank of Pakistan on June 12, 2014 and Commencement of Business on September 14, 2015. This is the first demerger transaction in the banking sector in Pakistan. In this transaction, the existing Islamic banking business of MCB Bank Ltd. in the form of thirty-four (34) branches shall be segregated and demerged from MCB Bank Ltd. and shall transfer to MCB Islamic Bank Ltd. through operation of law.
About Diebold Nixdorf
Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.
Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.
The World Bank. 8 February 2016. What Will It Take For Pakistan To Achieve Financial Inclusion? http://www.worldbank.org/en/news/feature/2016/02/08/what-will-it-take-for-pakistan-to-achieve-financial-inclusion
Source: Diebold Nixdorf