Posts

The much anticipated Interbank Fund transfer (IBFT) through LAPNet Launched.....!

Image
The much anticipated Interbank Fund transfer (IBFT) through LAPNet (Lao National Payment Network Co Ltd) has been successfully launched on 8th December 2020. This stupendous feat is accomplished by the BOL (Bank of Lao), partnering with 7 major banks in the country namely Banque pour le Commerce Exterieur Lao Public (BCEL), BIC Bank Lao Co. Ltd, Lao Development Bank (LDB), Agricultural Promotion Bank (APB), Lao-Viet Joint Insurance Bank(LVB), Joint Development Bank (JDB) and ST Bank. The network aims to create a more coherent and systematic channel for customers’ payments among the partner banks, making the inter-bank fund transfer through LAPNet an icing on the cake! The Lao IBFT ecosystem has received a fresh impetus towards a faster, more reliable and a convenient payment system. As a technical service provider and a long standing reliable partner for the major member banks in Laos, CashLink Global Systems Pvt. Ltd. takes immense pride in delivering a robust and scalable solution

First ever Inter-Bank Fund Transfer (IBFT) introduced in Laos between BIC Bank and BCEL Bank.....!

Image
BIC Bank Lao and BCEL Bank Lao had an official opening ceremony on February 14th 2020, at Lao Hotel in the presence of Mr. Sonxay and Mr. Soulisuk from Bank of Lao for the new Mobile App launched for fund transfer between BIC and BCEL. This will help the customers of both the banks to transfer funds on a real time between the two banks. The customers of BIC will be using BIC BEST Mobile App developed by CashLink Global Systems (CGS) and the customers of BCEL will be using BCEL ONE mobile app developed by BCEL In-house team for all fund transfers. Customers can transfer fund in three different currencies, the KIP, Thai Baht & US Dollars. The Bank of Lao PDR sees the importance of pushing banks in Laos to provide fintech services to the citizens of Lao and increase the financial services digitally in Lao PDR. The Bank of Lao PDR will monitor the real time fund transfer app established between BIC Bank and BCEL Bank. In the near future such services will be enabled to other bus

CashLink Global Systems @ Seamless Asia 2019....!

Image
CashLink Global Systems recently participated in Seamless Asia 2019 , held at Singapore , on June 26th & 27th. Seamless Asia is specifically for Payments, Banking & E-commerce domain. In general, Seamless Asia is like a networking platform which connects the banking people with Software Company which produces the banking related software products, hardware products, terminals, e-commerce and other solutions and services. CashLink @ Seamless Asia 2019 There were around 7000+ people from banking sector and E-commerce. This included 646 delegates , 128 sponsors , 631 Exhibitor , 6500 visitor , 49 organizer & 12 Press people who participated in the event. We thank all our visitors at Seamless Asia 2019 for their overwhelming response and interest. It was a pleasure engaging with you and demonstrating our E-Banking & Digital Banking offerings and solutions. Please write to marketing@cashlinkglobal.com for more information about our products and

Being Part of African Banks’ Growth Story....!

Image
For Africa the potential is tremendous: according to the World Bank , roughly two-thirds of the adults on the continent remain unbanked and card penetration is low . By improving access to electronic payments and financial services in general, more people would be able to contribute actively to robust, sustained economic growth, and improve their lives. According to estimates by the GSMA , about 168 million people will become connected by mobile services across Africa over the next five years. Hence more people would be engaging in Mobile payments and Mobile Banking. African Banks’ are trying to implement financial inclusion and encourage digital payments at large. We at CashLink Global Systems have helped banks in East Africa, West Africa and South Africa in implementing Retail Banking solutions. We have successfully implemented our products EzLink Enterprise EFT Switch, Card Issuance solutions through StarCARDMAN, Reconciliation & Settlement processes thro