Paysys Labs
Paysys Labs, founded in 2016 and headquartered in Karachi, Pakistan, offers a range of digital financial solutions and advisory services for payment system providers and operators.
Company History
Paysys Labs was founded in 2016 and is headquartered in Karachi, Pakistan. The company focuses on delivering digital financial solutions tailored to the needs of banks, merchants, and consumers in the region. Paysys Labs has established itself as a significant player in the digital finance sector by introducing a range of innovative solutions that address various aspects of financial transactions and services.
Digital Financial Solutions
Paysys Labs offers a diverse range of digital financial solutions designed to enhance the efficiency and security of financial transactions. Key products include Open Connect, a middleware switch; Open Wallet, an electronic wallet solution; Open CMS, a comprehensive card management system; and Instascan, a touchless biometric solution. Additionally, Open Digital serves as an enterprise digital banking platform, while the mobile POS solution enables card payments and improves business operations.
Advisory Services
Paysys Labs provides advisory services tailored to payment system providers and operators. These services aim to assist these entities in navigating and optimizing the complexities of digital financial ecosystems. The company's advisory offerings are a testament to its deep understanding and expertise within the digital finance landscape, particularly in the context of Pakistan's evolving market.
Middleware Switch: Open Connect
Open Connect is Paysys Labs' middleware switch solution, which serves as an intermediary to facilitate seamless transactions between different financial systems. This product is crucial for integrating disparate systems and enhancing the overall efficiency of financial service operations. By leveraging Open Connect, banks and payment providers can ensure more reliable and faster transaction processing.
Touchless Biometric Solution: Instascan
Instascan is a touchless biometric solution developed by Paysys Labs. This technology enhances security and convenience by allowing users to authenticate their identity without the need for physical contact. Instascan is particularly relevant in scenarios that demand high security and hygiene standards, making it a valuable addition to financial and identification verification processes.