BankIslami Launches Instant Cheque Encashment Service

BankIslami Pakistan Limited, a leading Islamic financial institution in Pakistan, has launched the country’s first-ever cheque encashment service through Cash & Cheque Deposit Machines (CCDMs), utilizing TouchPoint (Pvt) Limited ’s advanced QMatch platform. This new service enables customers to encash their cheques instantly, without needing to visit a branch, offering enhanced convenience and significantly reducing wait times.

This initiative is part of BankIslami’s broader digital transformation strategy, which focuses on improving customer accessibility, security, and operational efficiency. By utilizing QMatch’s real-time transaction processing, customers can complete cheque encashment securely and without the usual delays associated with branch visits.

Ashfaque Ahmed, Chief Officer of Aik, highlighted that this service marks a significant step forward in transforming Pakistan’s banking experience. He stressed that the move aligns with BankIslami’s vision of becoming a fully digital bank, aiming to meet and exceed evolving customer expectations through innovative digital solutions.

The launch of this service underscores the strong partnership between BankIslami and TouchPoint, reinforcing their shared commitment to driving innovation and supporting the growth of a technology-driven banking ecosystem in Pakistan.