In a groundbreaking development for Pakistan’s banking sector, BankIslami has introduced the country’s first cheque encashment service through Cash & Cheque Deposit Machines (CCDMs), powered by TouchPoint’s cutting-edge digital platform, QMatch. This innovation allows customers to encash cheques instantly, reducing dependence on branch visits, minimizing waiting times, and significantly enhancing transaction convenience.
QMatch has revolutionized cheque encashment by integrating real-time, secure, and efficient processing capabilities, marking a milestone in Pakistan’s shift toward digital banking. By seamlessly combining financial technologies, the solution ensures instant verification and transaction execution, streamlining banking operations.
Reflecting on this digital transformation, Ashfaque Ahmed, Chief Information Officer (CIO) of BankIslami, emphasized the bank’s commitment to enhancing accessibility, security, and operational efficiency. The implementation of QMatch aligns with the industry’s digital transformation goals by offering a faster and more reliable alternative to traditional cheque encashment methods.
This initiative underscores TouchPoint’s dedication to driving innovation in the financial sector through phygital banking solutions. By empowering banks with next-generation self-service technologies, TouchPoint is playing a crucial role in Pakistan’s transition to a more technology-driven banking ecosystem.
Founded in 2007 and headquartered in Karachi, TouchPoint Private Limited has been at the forefront of self-service banking solutions. The company specializes in hardware and software services, including ATMs, CCDMs, and Cash Recyclers, ensuring secure and seamless banking experiences across Pakistan. With a network spanning over 600 towns and cities, TouchPoint’s team of more than 200 consultants and engineers ensures reliable and secure self-service banking solutions, even in remote areas of Pakistan.
TouchPoint envisions a future where digital banking solutions are accessible with a simple “tap and touch.” The company remains committed to continuous innovation, designing intuitive software that adapts to the evolving financial landscape.
For more details about TouchPoint, visit their official website: TouchPoint.pk
