Karachi, Pakistan – March 26, 2025: In a pioneering move for Pakistan’s banking industry, BankIslami has launched the country’s first cheque encashment service via Cash & Cheque Deposit Machines (CCDMs), powered by TouchPoint’s advanced digital platform, QMatch. This solution allows customers to encash their cheques instantly, eliminating the need for branch visits, reducing waiting time, and significantly enhancing convenience.
QMatch has transformed cheque encashment by enabling real-time, secure, and efficient processing through a seamless integration of advanced financial technologies.
Exclusive Insights: BankIslami’s CIO on Digital Transformation
Speaking about this milestone, Ashfaque Ahmed, Chief Information Officer (CIO) of BankIslami, shared his insights on the strategic move toward digital banking.
This initiative marks a significant step toward enhancing accessibility, security, and operational efficiency in the banking sector. By leveraging QMatch’s robust transaction processing and verification capabilities, BankIslami can now offer customers a faster and more reliable alternative to traditional cheque encashment, aligning with the industry’s digital transformation goals.
A Milestone in Pakistan’s Banking Evolution
TouchPoint’s commitment to phygital banking solutions continues to drive innovation in the financial sector. This latest development strengthens Pakistan’s move towards a technology-driven banking ecosystem.
About TouchPoint
TouchPoint Private Limited, based in Karachi, Pakistan, has been a leader in self-service banking solutions since its inception in 2007. The company offers a comprehensive range of hardware and software services, including ATMs, Cash and Cheque Deposit Machines (CCDMs), and Cash Recyclers, ensuring secure and efficient banking experiences nationwide.
Core Areas of Expertise:
Self-Service Solutions: TouchPoint provides end-to-end services encompassing hardware, software, and security systems for ATMs, CCDMs, and Cash Recyclers, facilitating seamless banking operations.
Fintech Innovations: The company develops advanced financial technologies and digital platforms aimed at streamlining financial processes and enhancing customer experiences.
Nationwide Reach:
With a dedicated team of over 200 consultants and support engineers, TouchPoint manages self-service solutions across more than 600 towns and cities, extending services to even the most remote areas of Pakistan.
Company Vision:
TouchPoint envisions a world where solutions are accessible with a simple “tap and touch.” The company is committed to continuous innovation, developing user-friendly software that adapts to the evolving digital landscape.
For more details about TouchPoint, please visit website: https://touchpoint.pk/
