We offer payment solutions to organisations, providing infrastructure, consultancy and execution in order to launch and maintain their own Sharia’ compliant payment programme.
What makes Procco unique is, in addition to platforms and technology, Procco assists their partner banks to acquire new merchants and ultimately gain addition banking customers. We can also build in a loyalty program to encourage repeat business or even offer loyalty as a stand-alone solution.
The Payment Card is an alternative payment card that is issued by a bank to it's customers as an alternative payment card to Visa/M’card/AMEX, etc, that is Sharia’ compliant. Working with the bank, using our closed loop PoS network technology, Procco can provide merchants with a Sharia’ compliant payment solution.
Note : This payment applet can also co-exist on the banks credit card chip i.e. 2-cards-in-one and can support loyalty transactions.
The Installment Card is a branded store card that merchants can issued to their customers, enabling cardholders to purchase items today and repay over time, on Sharia’ principles. Imagine having your own branded store card.
What makes Procco unique is, in addition to platforms and technology, Procco assists their partner banks to acquire new merchants and ultimately gain addition banking customers. We can also build in a loyalty program to encourage repeat business or even offer loyalty as a stand-alone solution.
The Payment Card is an alternative payment card that is issued by a bank to it's customers as an alternative payment card to Visa/M’card/AMEX, etc, that is Sharia’ compliant. Working with the bank, using our closed loop PoS network technology, Procco can provide merchants with a Sharia’ compliant payment solution.
Note : This payment applet can also co-exist on the banks credit card chip i.e. 2-cards-in-one and can support loyalty transactions.
The Installment Card is a branded store card that merchants can issued to their customers, enabling cardholders to purchase items today and repay over time, on Sharia’ principles. Imagine having your own branded store card.
- Bank: Credit Scoring and funding the loans.
- Procco: Enrollment of banks & merchants, administration of merchant accounts and acquiring network.
- Merchants: Advertise the installment card and assist customers to complete application forms.
- Merchant: Increased revenue streams, own branded card, new selling tool.
- Bank: Grow customer base through none banking customers. (Islamic divisions interested.)
- Procco: Grows their payment network.