Fintech startup is latest to get approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI)
REDWOOD CITY, Calif.--(BUSINESS WIRE)--i2c Inc., a leading provider of digital payment and banking technology, announced that it has been selected to power Pakistan�s TAG, the nation�s first digital-native financial super app due to launch in Q1 of 2021.
The program aims to provide instant payments and transparent pricing to the nation�s unbanked adult population of approximately 100 million including features such as the ability to send and receive money instantly and without fees to anyone with a TAG account, ATM access, bill payment and mobile top-up as well as tools to monitor spending. The company�s plans include expansion to the Middle East and North Africa as well.
"We're thankful for TAG�s selection of our platform and for the opportunity to play a role in helping bring digital financial services to so many people," said i2c�s Aurangzaib Khan, general manager MEA region.
Talal Ahmad Gondal, CEO of TAG said, "i2c�s tech stack provides us a sound foundation for enabling the kind of innovative, safe and secure payments experiences we�re bringing to market."
About TAG
TAG is a financial technology company and Pakistan's first digital-native financial super app. Our pioneering digital experience combines everyday banking services, instant P2P and online payments mechanism � all within an easy-to-access mobile app. TAG has been awarded an in-principle approval for Electronic Money Institute License by the State Bank of Pakistan (SBP).
About i2c Inc.
i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones. For more information, visit www.i2cinc.com and follow us at @i2cinc.
Contacts
Heather Clifton
Chief Marketing Officer
[email protected]
