Industry Financial Services Founded 1996 | Headquarters Karachi, Pakistan Number of employees 300 (2010) | |
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Type Private Limited Company Area served Europe, Middle East, Africa and South Asia Key people Mohammad Sohail
(Director)
Mobushir Rahim
(Director)
Ovais Habib Khan
(COO)
Shahzad Shahid
(CEO) Products Switching Middleware
ATM & POS Controller
Inter Bank Shared Switch
Payment Gateway
Remittance Gateway
Internet Banking System
EMV Personalization Founders Mohammad Sohail, Mobushir Rahim | ||
TPS Pakistan is a Pakistan-based technology firm established in 1996 by two entrepreneurs Mohammed Sohail and Mobushir Rahim. TPS is credited with the establishment of the ebanking infrastructure in Pakistan and is powering 80% of the banks in Pakistan and the largest inter bank shared switch - 1LINK.
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Established in 1996, TPS currently employs around 300 employees in its Karachi headquarters. TPS has a sister concern in Middle East by the name of TPS Middle East FZ LLC which looks after the area of Middle East and North Africa (MENA). Whereas TPS Pakistan looks after the area of Europe, Africa (except North Africa) and South Asia.
TPS is currently present in more than 70 countries through its resellers and has 135 customers in 35 of those countries. TPS solutions are packaged with some customizations for each customer and are focused on the electronic banking area only. The solutions are for ATM, POS, Inter Bank and Multi Bank Switching & Controllers, Internet Banking, Inward & Outward Remittance Systems, Reconciliation and Settlement and a variety of other related solutions.
TPS is also the technology behind Telenor Pakistan Pakistan's EasyPaisa bill payment hub and Ufone USSD based multi-bank mobile banking hub. EasyPaisa has now become the single largest bill payment and funds transfer hub in Pakistan with a transaction volume that exceeds that of the national bill payment hub at 1LINK with a factor of 1 to 100. After the success of 1LINK, TPS was selected to implement an Inter Bank Shared Switch in Bangladesh (OMNIBUS). The OMNIBUS Inter Bank Shared Switch has currently 6 banks connected for reciprocation of ATM related services.
Recently TPS IRIS Multi Institution Financial Middleware was selected by Group BPCE for its operations in Africa starting from Cameroon and Republic of Congo. TPS IRIS is also running Doha Bank's operations in 3 countries and is powering the Commercial Bank of Kuwait's electronic banking infrastructure as well. Network International UAE uses TPS Prepaid Card Management System for its hosted prepaid card services, the first bank to go live with this system is ENBD UAE.
Headquarters
TPS Pakistan's headquarters are located at TPS Tower in Karachi, Pakistan
TPS Pakistan's headquarters were located in Business Avenue Karachi, Pakistan. In 2008 TPS Pakistan announced that it was moving its headquarters from Business Avenue to a bigger and spacious building named as TPS Tower in Karachi, Pakistan.
History
TPS Pakistan started off as a two-man operation in 1996 by the name of Transaction Processing Systems, it gradually grew and eventually was incorporated with the Securities and Exchange Commission of Pakistan as TPS Pakistan Private Limited in 2003.