IPS extends its partnership with BPC

Payment solutions provider, BPC, has extended its partnership with Bahrain-based International Payment Services (IPS). As part of the agreement, IPS will be able to use BPC’s open system e-payment platform, SmartVista. IPS, which is licensed by the Central Bank of Bahrain, supports banks and financial institutions in managing their end-to-end payment processing functions.

Since its launch in 2017, BPC has been working with IPS to develop and certify products to support banks, fintechs, government entities and merchants with its digital payments platform.

Through the use of SmartVista, IPS is able to perform core payment activities such as third-party processing services, electronic payment gateway solutions, prepaid cards, wallets, and switching services. The platform ensures the highest infrastructure standards and advanced security setups. Additionally, the complete range of products and services form a part of the unified SmartVista platform, which results in a cost-effective solution.

Over the course of this four-year engagement, SmartVista’s integrated capabilities have helped IPS gain 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 expand its services and has extended its use of SmartVista through its renewed collaboration with BPC. 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.