Today, Procard LTD successfully completed the implementation project for its partner Alif Bank (Dushanbe, Tajikistan) in the International Payment System Visa. Beginning from this date the project went live into production and a flow of both issuing and acquiring transactions of our partner started to be processed by Procard processor.
The complex and challenging implementation began several months ago. Our team carried out all the necessary tests, resulting in the Procard processor infrastructure meeting the strict IPS Visa requirements.
Thus, our partner received the opportunity to use a modern service for its business.
More detals about our partner
Alif Bank (formerly Alif Capital, Alif Sarmoya) is a financial technology company founded in 2014 and transformed into a bank in 2020. Alif uses the principles of Islamic finance. Offices are located in Dushanbe and Khujand.
Activity
Alif Bank provides financial services (loans and deposits) taking into account compliance with the maximum possible principles of Islamic finance (murabaha and mudaraba) within the framework of the legislation of the Republic of Tajikistan applicable to classical banks.
In 2020 our partner received the status of Associated Member of IPS Visa. After that Alif Bank and Procard LTD signed an agreement according to which all issuing and acquiring operations will be processed by Procard's processor.