Meezan Bank (PSX: MEBL) just took a major step in upgrading its digital banking infrastructure. Meezan Bank successfully migrated its entire payments business to BPC’s SmartVista platform. This massive shift instantly moves 7.5 million active cards to the new system. Furthermore, it fully transitions all merchant services and payment processing operations.
The Meezan Bank Migration to SmartVista Payments Platform
The operational numbers behind this migration are significant. The SmartVista platform can now process over 1,500 transactions per second during peak business periods. Additionally, Meezan Bank currently handles around 2 million Raast transactions every single day. The bank also actively supports a network of over 100,000 QR codes. Consequently, this crucial system upgrade directly benefits millions of users and vendors across Pakistan.
This migration effectively consolidates the bank’s sprawling payment operations onto one unified platform. Therefore, it covers all essential financial services used by cardholders and merchants nationwide. The new platform directly manages point-of-sale (POS) transactions, e-commerce, and QR payments. Moreover, it actively handles payment gateway services, instant payments, and crucial fraud management protocols.
Strategic Leadership Perspectives
Executing this transition required seamless coordination. Faiz ur Rehman, Group Head of Information Technology at Meezan Bank, confirmed the successful switch. He stated that the bank’s internal teams and BPC maintained full operational continuity throughout the entire process. Moreover, he noted that this migration will heavily support the continuous growth of their card business, merchant services, digital payments, and Raast.
Similarly, Ali Imran Khan, Chief Information Officer at Meezan Bank, emphasized the long-term strategic impact. He explained that this move deliberately strengthens the bank’s digital payments infrastructure to support future growth. As a result, the platform ensures smooth payment processing across all banking channels.
Finally, Furrukh Ali-Baig, BPC’s Managing Director for Pakistan, Nepal, and Iraq, highlighted the technical benefits. He stated that the SmartVista platform provides the vital processing capacity, fraud protection, and instant payment tools required to support Meezan Bank’s rapidly expanding digital payment services.