TouchPoint Enables Pakistan’s First Cheque Encashment via CCDM at BankIslami through QMatch

Karachi, Pakistan – March 26, 2025:In a pioneering move for Pakistan’s banking industry,BankIslami has launched the country’s first cheque encashment service via Cash & Cheque Deposit Machines (CCDMs), powered byTouchPoint’sadvanced digital platform, QMatch.This solution allows customers to encash their cheques instantly, eliminating the need for branch visits, reducing waiting time, and significantly enhancing convenience. QMatch has transformed cheque encashment byenabling real-time, secure, and efficient processingthrough a seamless integration of advanced financial technologies. Speaking about this milestone,Ashfaque Ahmed, Chief Information Officer (CIO) of BankIslami, shared his insights on thestrategic move toward digital banking. This initiative marks a significant step towardenhancing accessibility, security, and operational efficiency in the banking sector. By leveragingQMatch’s robust transaction processing and verification capabilities,BankIslami can now offer customers a faster and more reliable alternative to traditional cheque encashment, aligning with the industry’s digital transformation goals. TouchPoint’s commitment tophygital banking solutionscontinues to drive innovation in the financial sector. This latest development strengthens Pakistan’s move towards atechnology-driven banking ecosystem. TouchPoint Private Limited, based in Karachi, Pakistan, has been a leader in self-service banking solutions since its inception in 2007. The company offers a comprehensive range of hardware and software services, including ATMs,Cash and Cheque Deposit Machines(CCDMs), and Cash Recyclers, ensuring secure and efficient banking experiences nationwide. Self-Service Solutions: TouchPoint provides end-to-end services encompassing hardware, software, and security systems for ATMs, CCDMs, and Cash Recyclers, facilitating seamless banking operations. Fintech Innovations: The company develops advanced financial technologies and digital platforms aimed at streamlining financial processes and enhancing customer experiences. ​ With a dedicated team of over 200 consultants and support engineers, TouchPoint manages self-service solutions across more than 600 towns and cities, extending services to even the most remote areas of Pakistan. TouchPointenvisions a world where solutions are accessible with a simple “tap and touch.” The company is committed to continuous innovation, developing user-friendly software that adapts to the evolving digital landscape. ​ For more details about TouchPoint, please visit website: https://touchpoint.pk/