Faster, cheaper, safer and more convenient: Are online payments worth it?
May 15, 2017Avanza collaborates with Avaya Middle East & Africa to enable payments via IVR system at RTA call centers
August 16, 2017
FINCA has signed Avanza’s Novus, ATM Controller solution, to operate its ATM network in Pakistan.
FINCA Microfinance Bank Limited is part of the FINCA Impact Finance Network, a group of 21 microfinance and financial institutions that provide socially responsible financial services and enables low-income entrepreneurs and small business owners to invest in the future.
FINCA is also one of the fastest growing microfinance networks in Pakistan with 105 branches in 94 cities across Pakistan. Since its inception 8 years ago in Pakistan, FINCA Microfinance Bank has given over 41.5 billion rupees through 518,000+ small loans to micro enterprises helping them grow their businesses and creating thousands of new jobs. FINCA is considered as the pioneer of cash flow based unsecured lending in Pakistan and has the distinction of highest average loan ticket size in unsecured lending in the Pakistan microfinance sector. It also provides attractive deposit options and state of the art payment solutions with an unparalleled customer experience.
Novus will serve as the foundation for the infrastructure for FINCA and provide ATM operating and transaction processing functionalities. The solution drives ATM, CDM, and POS terminals via diligent security layers and advanced monitoring tools, thereby enabling higher levels of flexibility and agility to offer products over self-service terminals.
Mr. Muhammad Mudassar Aqil, CEO FINCA Microfinance Bank, said, “FINCA is strengthening its technology platform with the deployment and integration of middleware, core systems, and delivery channels in order to launch new and innovative digital financial services that will drive its business growth in the years to come. Avanza is one of our key technology partners in this journey and their solutions enable us to create more value in our digital platform.”
Mr. Waqas Mirza, MD & CMO – Avanza Solutions, said, “At Avanza, we strive to enrich and improve everyday banking through technology and innovation. This is in our DNA, and I am proud to have the opportunity to work with FINCA who share our passion for progress and innovation. I am confident that the synergies between our respective organizations will enable that change.”
