ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) and Bank of Punjab (BoP) Thursday finally inked an agreement to cater for their entire branches connectivity through state of art IP MPLS (Multi Protocol label Switching) service over physically and geographically redundant network.
This will help the BoP for their multi application connectivity in secure, reliable and cost-effective manner, said a press release issued here Thursday.
This agreement will allow Bank of Punjab to carry out its online core banking transactions in a secure, faster and cost effective manner.
The MPLS service provided to Bank of Punjab is fully flexible to meet the ever increasing demand of bandwidth due to multiple applications securing over the same network.
MPLS can also provide the different Classes of Service (CoS) as per customer's requirement such as voice, video and data traffic.
SEVP commercial Naveed Saeed on the occasion stated "PTCL has become the obvious choice for customers looking for quality services and with this trust building step of BOP, PTCL enhances its market share in corporate services to the next step and is keen to bring Bank of Punjab on board with PTCL for the products that have been introduced by PTCL keeping in view requirements of Financial Sector including Data Centre services.
With the finalization of this contract, PTCL corporate services will keep on expanding its clientele and winning the trust of major corporate customers".
EVP Corporate Services & Product Development Niaz Malik stated "This agreement with The Bank of Punjab is a radical milestone achieved by PTCL in expanding its horizons and works as an engine of economic growth for the country by not only exploring new ventures in the arena of information technology but also extending its network and services to newer areas.
Thus cater perfection in all fields of life as it is constantly improving and upgrading its services to ensure customer satisfaction and has the fastest growing network in the country".