BANKISLAMI has launched the country`s first-ever cheque encashment service through Cash & Cheque Deposit Machines powered by TouchPoint`s digital platform, QMatch, as per a press release. This service allows customers to instantly cash in their cheques without the need to visit a branch.

This initiative is a step in Banklslami`s broader digital transformation strategy, aimed at enhancing customer accessibility, security, and operational efficiency. By leveraging QMatch`s advanced transaction processing capabilities, the service ensures customers can complete cheque encashment securely and efficiently in real time, without the traditional delays and branch visits.

Ashfaque Ahmed, Chief Officer of AiK, emphasised the importance of this advancement, stating, `With the introduction of this cheque encashment service, we are making a significant advancement in transforming the banking experience in Pakistan. This is more than just a service it`s a commitment to enhancing customer convenience, ensuring faster and more secure transactions, and providing innovative digital solutions that align with our vision of becoming a fully digital bank.`•