ProgressSoft Announces Go-Live of its Mobile Payments Platform in PIB

Ramallah, December 31, 2019

ProgressSoft Corporation and Palestine Investment Bank (PIB) announce the successful go-live of ProgressSoft’s Mobile Payments Platform on 31 December 2019.

ProgressSoft’s Mobile Payments Platform (PS-mPay) was implemented by Palestine Investment Bank to provide its clients with a wide variety of payment services including person-to-person, person-to-merchant and merchant-to-person payment services among others.

Implemented in numerous institutions across the region, PS-mPay massively reduces overhead costs and allows banks and financial institutions deploying the platform to attain new customers, retain existing customers and significantly increase revenue streams.

The successful implementation of PS-mPay marks the second collaboration between ProgressSoft and PIB where it has previously implemented the Signature Verification and Management solution (PS-SIG) still successfully running live at the bank today.

ProgressSoft is delighted to be maintaining a fruitful partnership with Palestine Investment Bank and looks forward to marking more successful milestones in the future.