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BPC Extends Market Attain in Pakistan with UnionPay Collaboration –

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Main cost options supplier, BPC, at this time has introduced a collaboration with UnionPay Worldwide in Pakistan.

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As a part of the understanding, BPC will supply its Entry Management Server (ACS) answer and providers to allow 3D Safe cardholder authentication to UnionPay issued banks within the nation.

BPC’s ACS answer is licensed with UnionPay Worldwide for 3D Safe authentication on its newest requirements and mandates.

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The ACS product varieties a part of BPC’s SmartVista Suite platform, a bunch of complete, state-of-the-art built-in software program purposes that gives help to monetary establishments and companies to course of all types of digital funds, together with digital cash transfers, plastic playing cards, sensible chip playing cards, and different private cost strategies.

Among the many SmartVista purposes designed for the digital economic system is the ACS answer referred to as 3D Safe, which can present UnionPay issuers instantaneous authentication of cardholders throughout a web based buy.

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Fast and simple to make use of, 3D Safe reduces the chance of fraudulent transactions and will increase cardholder confidence in Web purchases.

It may be applied as an built-in, standalone module or as a  service, and is compliant with all useful and safety requirements set by worldwide cost methods.

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BPC will host the answer regionally, utilizing its personal software program and ACS server guaranteeing fast time to market and costing that’s reflective of regional costs.

Commenting on the partnership, James Yang, Basic Supervisor of UnionPay Worldwide Center East Department, mentioned, “We’re impressed with BPC’s expertise that may be built-in inside our community to offer a dependable and easy cost expertise for the customers.”

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“Having BPC as a valued companion who strives for not solely improvements but in addition for dedication to ongoing help for the applying, we will ship trusted and efficient buyer expertise throughout channels by BPC’s continuously enhancing choices and cutting-edge developments. This degree of dedication is essential for us as we proceed to deal with the market ache factors and enhance our cardholders’ cost experiences,” he added.

The collaboration comes at a time of fast digital transformation in Pakistan. Having a inhabitants of over 220 million, with a median age of 22 years and a big cell penetration charge, Pakistan gives immense enterprise alternatives within the digital finance and funds sector.

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The nation has seen great progress in digital funds each when it comes to worth and quantity of transactions over the past couple of years.

Particularly within the e-commerce sector, the utilization of cost playing cards is steadily growing, and with it the necessity to safe the funds being made on-line by the customers.

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Commenting on the announcement, Ahson Saeed, Managing Director at BPC in Pakistan, mentioned, “BPC is dedicated to taking part in a number one function in serving to UnionPay throughout this important interval of progress as Pakistan continues its digital transformation.”

“We’re excited to be collaborating with UnionPay Worldwide and stay up for supporting its ongoing success because it makes headway into the native economic system,”  he added.

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