In a groundbreaking advancement for Pakistan’s banking sector, BankIslami has launched the country’s first-ever cheque encashment service via Cash & Cheque Deposit Machines (CCDMs), powered by TouchPoint’s digital platform, QMatch. This innovative service eliminates the need for branch visits, allowing customers to encash their cheques instantly, reducing waiting times, and enhancing overall convenience.
The introduction of cheque encashment via CCDMs is a major step forward in digital banking, leveraging QMatch’s secure and real-time transaction processing. By integrating advanced financial technologies, BankIslami is streamlining traditional banking operations, improving accessibility, and reinforcing security measures.
Ashfaque Ahmed, Chief Information Officer (CIO) of BankIslami, highlighted that this initiative aligns with the bank’s digital transformation strategy, which aims to modernize banking processes and offer customers seamless, technology-driven financial services. The adoption of QMatch not only enhances operational efficiency but also marks a shift towards a more automated and customer-friendly banking experience.
This development underscores TouchPoint’s commitment to revolutionizing banking through phygital solutions, blending physical banking infrastructure with digital innovations. By supporting banks in adopting self-service solutions, TouchPoint is playing a key role in shaping Pakistan’s technology-driven financial ecosystem.
Founded in 2007, TouchPoint has been a pioneer in self-service banking solutions in Pakistan. The company provides a wide range of financial technology services, including ATMs, CCDMs, and Cash Recyclers, ensuring secure and efficient banking operations across the country. With a team of over 200 consultants and engineers, TouchPoint supports financial institutions in more than 600 towns and cities, extending services to even the most remote areas.
As a leader in fintech innovation, TouchPoint continues to develop cutting-edge digital platforms aimed at enhancing financial accessibility and customer experience. With a vision of making banking solutions as simple as a “tap and touch,” the company remains committed to advancing digital banking infrastructure in Pakistan.
For more details about TouchPoint and its services, visit TouchPoint’s official website.
