Introduction - Paysys Labs

Introduction

©2020 Property of Paysys Labs (Private) Limited. All Rights Reserved.

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DIGITAL F INANCIAL SERVICES

We develop solutions that are benefiting banks, merchants and consumers, providing safer, faster and more cost-efficient payment acceptance solutions in Pakistan

DIGITAL STACKS

We have provided components of digital stack to many Banks and Fintechs, including identity solutions, wallet systems and integration platform on a SAAS model.

TECHNOLOGY ENABLEMENT

From conceptualization phase, we help clients by understanding their needs, drawing up business cases for digitization, preparing financial models for building self-sustaining services.

TECHNOLOGY CONSULTING

Paysys Labs invests in its technology enablement capability to help clients enhance business processes and technology decisions, simplifying their transformation process.

At a Glance

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ADVISORY

PROJECTS WITH

RENOWNED INT’L

NGOs & GOVTs

LAUNCHED NFC

PAYMENTS FOR THE FIRST

TIME IN PAKISTAN

TECHNOLOGY

PARTNER OF 1LINK

DIGITIZATION OF

CENTRAL DIRECTORATE

OF THE NATIONAL

SAVINGS (CDNS)

REGISTERED THIRD

PARTY SERVICE

PROVIDER (TPSP) OF UPI

PAYMENT SERVICES

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Working with National Payment

System on multiple projects, provided

technical advisory on migration to

new platform.

Designed and managing the core

banking platform for largest deposit

taking institution in Pakistan

Working on multiple financial

inclusion related projects sponsored

by BMGF

Introduction of “Quick Pass” feature in

the National Bank of Pakistan Mobile

Application enabling customers to tap

and pay merchants.

Solutions designed for Union pay prepaid,

debit, virtual cards and QR Code and

HCE based mobile payments.


Services at a Glance

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We have reviewed

and updated

regulations for Central

Banks related to Retail

Payment Systems,

electronic banking,

microfinance banking

and agent/branchless

banking. We have

provided oversight on

national level

technology projects

(review of

implementation

strategy, migration,

acceptance testing

plans etc.)

Central Banks

We have engaged in

digital strategy

development

partnerships with

many Microfinance

Institutions, who are

looking for new

models of lending

and agent banking.

We have also re-

designed existing

processes for

customer acquisition,

lending and

collection processes.

MFIs

We have

developed

strategy and

Business Case for

new Payment

system providers

and Operators,

and assisted our

clients in selection

of vendors for

technology

replacement,

managing

migration strategy

& regulatory

approvals.

PSOs/PSPs

We have developed

digital banking

strategies for various

Commercial Banks

including alternative

delivery channels (Self

service touch points,

Mobile apps, Internet

Banking

implementation). We

have also provided

technology advisory

services including

enterprise architecture

review, security review,

DFS risk management.

Commercial Banks

We have provided

components of

digital stack to many

Banks and Fintechs,

including identity

solutions, wallet

systems and

integration platform

on a SAAS model.

We have also

provided

integrations for billing

aggregators and

National Payment

Systems.

FinTechs

5431 2


Global Reach

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ASIA

AFRICA

MIDDLE EAST

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Infr

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*Statistics show percentage of clients in the respective region or digital payment ecosystem

ASIAMIDDLE EAST AFRICA OUR PARTNERS


Executive Team Overview

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Ali Abbas Sikander Chairman | Paysys Labs

Karim Jindani Chief Executive Officer | Paysys Labs

Azeem YaseenChief Technical Officer | Paysys Labs

“27 years of global pertinent exposure with multinational banks with expertise in product development, management sales and solution delivery of Payments, Settlement, and Cash Management”

“21 years of diverse technology experience worldwide of Product and Software Development, IT Management, Payment Gateways, Project Management, Operational Strategy and Implementation of Digital Financial Services Platform”

“12 years of experience in financial payments industry, working with local and international banks, regional and international payments systems, telcos, core banking systems, mobile money platforms and regulators. ”


Paysys Product Stack Architecture

7©2020 Property of Paysys Labs (Private) Limited. All Rights Reserved.

Paysys Labs has developed multiple software products which are relevant to the financial

service providers. These products can be used together as suite of applications or individually

depending on customer’s needs.

The product suite is called “Open Connect Suite” of products. It’s highly scalable and based on

service oriented architecture. The suite includes:

Middleware Switch

Card Management System

Wallet Management System

Merchant Management System

Digital Front end channels

Unified Back office

Paysys Product Stack Architecture

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Middleware

API Gateway

Digital Mobile App

Front-end Channels

Internet Banking



MMSMerchant

Management System

POS

MPOS

Unified Back Office System

BackOfficeQR Code


Open Connect Architecture ( Middleware)

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Standard REST API Interface (Server)

Support for security protocols (Mutual TLS,

JWS, PKI)

ISO8583, ISO20022 Interface

Remote Procedure Caller

API Caller (REST, SOAP)

Stored Procedure Caller

Transactional Data

Mandates Data Audit Logs

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Acquiring Gateway B

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POS/ MPOS

Mobile App/Internet

3rd party Fintech

Operations

Dispute Resolution

Monitoring

Core Banking Credit Card Authorization System

Branchless Banking Wallet


…

Key Features – Open Connect( Middleware)

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Middleware

Flexible• Support multiple ready-made industry standard connectors, such as:

• Message Based – ISO8583, ISO20022, Proprietary fixed length• API Based – REST APIs with JSON Spec, SOAP/XML based APIs • Stored Procedures

• Message flow configuration to support standard message integration patterns -https://www.enterpriseintegrationpatterns.com/patterns/messaging/toc.html

• Configurable routing that can bet set up on the basis of a single field/combination of fields within the message.

• Supports both Asynchronous and Synchronous message processing. • Database Agnostic (Supports Oracle 11g, 11g Rac or above, DB2 9.7 or above, Microsoft SQL Server 2008 or

above, Sybase ASE 15.5 (jConnect 6.0) or above, MySQL 5.1, 5.5, or above, PostgreSQL 8.4, 9.1, or above)• Developed in Java, and supports cross platform deployment.

Intuitive Monitoring• Monitoring of transaction messages with latency and turn around statistics. • Monitoring of queues. • Health monitoring of network connections. • Use of Elastic search and Kibana for monitoring of logs.


https://www.enterpriseintegrationpatterns.com/patterns/messaging/toc.html

…

Key Features – Open Connect ( Middleware)

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Middleware

Robust• Based on RabbitMQ (a reliable, open source implementation of advance message queuing protocol)• Core message queuing engine is widely used and benchmarked for more than 1 million messages per second –

https://content.pivotal.io/blog/rabbitmq-hits-one-million-messages-per-second-on-google-compute-engine• Horizontally scalable architecture – Core engine can run on multiple cores, across cluster.• Cloud ready – Can be deployed across cloud infrastructure, with support for on-prem/public cloud(s)

Secure• Support of Mutual TLS for transport layer security (TLS 1.3), JWT (JSON Web Tokens), and other security

standards. • Supports message integrity through Checksum generation and verification. • Complete auditing for all messages.


https://content.pivotal.io/blog/rabbitmq-hits-one-million-messages-per-second-on-google-compute-engine

Open Card Management System Architecture

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Card Inventory ModuleHardware Security

Module

Card Product Management Module

Card Personalization Module

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Card Product Management

Card Transactions

Card Life Cycle Management

Hardware Security Module

SFTP Location

Card Embossing Files

Authorization Systems

Channels

APIs


Open Card Management System – Key Features

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Card Product Management• Personalization – Supports both personalized and non-personalized card requests. • Supports several card types, including debit and prepaid cards.• Supports both physical and virtual cards. • Supports multiple card schemes, including UnionPay, Paypak, (Visa, MasterCard soon?) • Supports multiple card technologies – Magstripe, Chip, and Chip + Contactless.• Supports both bulk and individual issuance.

Card Inventory ModuleA unique feature in Open CMS, that allows users to: • Define card inventory – Different types of plastic will be separately classified. • Tag card inventory to a card product.• Define card distribution points. • Efficiently manage inventory operations in back office; features include:

• Add inventory • Dispatch inventory to a distribution point • Recall inventory


Open Card Management System – Key Features

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User-friendlyComprehensive dashboard, which contains the following features: • Customer search – Allows the user to search, view, add, and modify customer details. • Card product details – Displays card product information, such as status and current limits. • Transaction search – Can search with parameters such as date, time, or channel, amongst others. • Transaction summary – Contains all transactions associated with the customer, including all channels &

products used.

Integrable• Can be easily integrated with authorization systems (Core Banking Systems, CRM etc.) via APIs. • Some of the functions with APIs include:

• Create card – To create a virtual card. • Activate card – Initial activation of card from an authenticated channel. • Block card – Block card temporarily or permanently. • Link account to card – For linking of card with a new account. • Get card profile details – Details of card, cardholder, and any wallet/account linked to the card.


Open Wallet Management System Architecture

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Product Management GL Management Module

Store-of-value Management

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Channels

Consumer Business

APIs

Other Systems

Product Management

User Management

Transactional data extracts


Open Wallet Management System – Key Features

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Product Management• Can be used by individuals or businesses. • Supports multiple transactions, including cash in, cash out, transfers from bank accounts to mobile wallets

(and vice versa), third party transfers, bill payments, merchant payments, and send money in bulk for salary disbursements, amongst others.

• Clearly designed KYC attributes, for CNIC, card number, gender etc. KYC Sets can be made to group KYC attributes together to determine the KYC attributes required for a specific account holder.

• Limits can also be set with ease, for example: Transaction Amount Limits, Account Movement Limit etc. • Individuals settlement GL’s are separate from business account GL’s.

Channel Management • TBC



Open Merchant Management System Architecture

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Merchant Management Module

Terminal Management Module

Merchant Product Management

QR Code Management

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Acquirers

Aggregators

Merchants

APIs

Acquiring Gateway

API Gateway

Mobile App/Internet

POS/ MPOS

Schemes


Open Merchant Management System – Key Features

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Merchant Management• Easy to use, flexible interface where users can add, edit, block, and purge merchants. • Option to define merchants at a single level, or at two distinct levels (a ‘parent’ merchant, with several ‘child’

merchants). • Single view of merchant’s MDR, taxes, and ledgers. • Customized QR code printing for each merchant. • Auto-generation of MID in a specific format. • Generation of extract for UPI merchant portal.

Merchant Portal • The MMS can easily be integrated with any existing merchant system via APIs. • The merchant portal allows merchants to track and monitor any transactions done via the MMS. • Push notifications are also received on completion of transactions. • QR codes can be printed on receipts/bills. • New terminal ID requests can be easily filled out via the portal.

MMSMerchant

Management System


Open Merchant Management System – Key Features

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Efficient Report Generation• Reports are generated by aggregator and bank. • For aggregators, all authorized and settled transactions, exceptional cases, and unsettled transactions will be

summarized into one comprehensive report. • Acquiring banks will receive transaction reports of all merchants where the bank is the acquirer. • The MMS will also generate and upload a daily UPI settlement file, that can be directly emailed to banks or

downloaded via secure FTP access to banks.

Integrable• TBC

MMSMerchant

Management System


Other Products

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Enterprise Digital Banking Platform

Instascan – Touchless Biometric Solution

Mobile POS

Products

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Enterprise Digital

Banking Platform

InstaScan – Touchless

Biometric SolutionMobile Point of Sale

Enterprise Omni-Channel Digital Banking Platform


Products

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Enterprise Digital

Banking PlatformMobile Point of Sale

Omnichannel Experience:

Deliver great mobile

banking experiences across

any device with full-

featured mobility solutions.

Enterprise Grade Security:

We provide a completely

secure mobile banking

environment to mitigate risk

and encourage user

adoption

Value Added Servcies: We

provide value added

services such as location

based offers, QR code

based retail payments, m-

wallet tagging etc.

Integration And Extensibility:

Banks leverage on our

platform to connect their

existing systems to drive

multi-channel experiences.

User Experience: Consistent,

optimized workflow

experience providing

distinct user experiences by

channel, locale or

environment

Rapid Time To Market:

Accelerated

implementation and time-

to-value with Paysys’

prepackaged mobile

banking solution

DEVOPS Methodology: We

deliver innovative new

applications faster and at

less cost with just the right

features. Paysys combines

industry best practices on

design thinking, lean

startup, agile development,

DevOps and cloud to build

and deliver innovative new

applications

MobSF Framework to assess

Security: We use mobile

security automated pen-

testing framework, allowing

us to perform end-to-end

security testing of mobile

application

OWASP Security Standards:

Paysys’ solution meets the

OWASP Mobile Application

Security Verification

Standard (MASVS) delivery

feature rich mobile and

online banking solution with

increased security

standards designed to

complement your bank’s

existing security

infrastructure

Microsoft Azure Cloud

Native Ready: Our solution

provides all the benefits of

cloud computing, including

Rolling updates which

means zero downtime

when providing updates.

Enterprise Digital Banking Platform Benefits of Paysys’ Omni-Channel Solution

“We provide banks

and financial service

providers the option

to drive their mobile

first initiatives,

providing customers

the convenience to

access the entire

banking products

portfolio anywhere,

and at any time.”


Biometric Solution


Products

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Enterprise Digital


QUICK RESPONSE CODES

We have developed mobile

applications that scan, store and

share QR Codes and enable

contactless payments. Our solution

support both proprietary (for on-us

transactions) and payment

schemes as-well.

HOST CARD EMULATION

Encrypted and tokenized data is

safely stored and protected by

sophisticated layers of security, all

seamlessly integrated into

financial providers existing systems

and mobile wallet environment

for contactless payments

ROBUST ONBOARDING FEATURES

Paysys has developed a mobile

based fingerprint biometric

scanning and verification that

can be used for real-time

biometric verification via

NADRA and instant customer

onboarding

LOCATION BASED FEATURES

We have developed real-time

location-based features that

enable you to target users within an

established geographic area,

delivering content (including

directions, promotions, discount

offers) based on where they are or

on what locations they have

previously visited

UNIQUE MOBILE APP FEATURES


Biometric Solution


Products

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Enterprise Digital



Biometric Solution

Instascan – Touchless Biometric Solution


Products

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Enterprise Digital


NO HARDWARE

REQUIRED: Solution

extracts the biometric

data from the image of

a finger without

requiring any additional

hardware

INSTANT ENROLLMENT:

No matter what the use

case, be it opening

wallets, bank accounts

or proof of life for

pension disbursements,

Instascan can easily be

integrated with any

mobile application

through open APIs to

provide customers with

an end-to-end digital

experience

REAL TIME

VERIFICATION: Solution

extracts biometric data

and verifies the data

through NADRA in real-

time

LIVENESS DETECTION

FEATURE: As a part of

the anti-spoofing

mechanism, LDF can

detect a live fingerprint

through papillary

movement. This way we

can eliminate all fake

fingerprints verification

easily.

Key Characteristics: Use Cases:

Over the Counter Transactions

Opening Wallets/Accounts

Proof of Life, Name & Address Change

Data Analytics:

Back Office Dashboard

• Timeline

• Sessions

• Response Codes

• Apps

• Software Development

Kit

• Devices

NADRA Session Analytics

• Total Attempts

• Sessions

• Successful Sessions

• Average

Attempts/Sessions

• Average

Success/Sessions


Biometric Solution


Products

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Enterprise Digital


01. 02. 03. 04.

Customer enters

his/her CNIC

Number

Customer then select the finger

registered with NADRA. In case of an

incorrect selection, it will allow you

to select a different finger on the

second attempt.

Customer is required to place the finger

in a way that the edges on the screen

align with the finger perfectly ensuring

biometrics are visible. The image will be

captured automatically and the

biometrics will be sent to NADRA.

The result from

NADRA will be

populated on

the screen


Biometric Solution


Products

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Enterprise Digital


Mobile Point of Sale


Biometric Solution


Products

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Enterprise Digital


Operational & business benefits:

Mobile POS is a robust solution to serve

as a merchant’s sole payment

acceptance device. Savings can go

up to 80% with Paysys’ integrated,

cost-effective solution, versus a legacy

POS solution.

Introducing a seismic decrease in the

cost, merchants can now accept

card payments, avoid the costs

associated with cash-based payment

mechanisms, improve customer

experience & increase business

efficiencies by leveraging an

automated system.

Other Key Benefits Include:

• Superior Customer Experience

• Sell Anywhere

• Helps engage on-the-go customers

• Perform Checkouts, Anywhere,

Anytime

• Saves Cash-in-Transit costs

• Benefiting from Mobility

Technological benefits:

Mobile point-of-sale (MPOS)

technology has taken the point of sale

from the back of the store to just

about as far as your imagination can

take you.

With mobile point-of-sale solutions you

can harness the technology of a

smart-phone, tablet and other mobile

devices to accept payments on the

spot!

Other key benefits include:

• Real Time Payment Information

• Digital Receipts and Payment

Acknowledgements

• Flexibility to incorporate new, non-

conventional transactions

• Can be integrated with any Retail

Industry

• Designed for Ease of Use

• Service-oriented approach

• Increased Security

• Device & Platform Independent

KEY CHARACTERISTICS: KEY BENEFITS:


Biometric Solution


Products

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Enterprise Digital


Day Summary:You can use this option to view summary of particular days card sale etc.

MOBILE APPLICATION

Card Sale: You

can use this option to accept payments via cards.

History: You can

use this option to view details of the last 30 transactions.

Device Info: You can use this option to find out device KSN and charging percentage.

Void

Transaction: You can use this option to cancel a card sale transaction.

MERCHANT MONITORING PORTAL (Standard Functionality)

1. View Transaction: Records date &

time and shows status of transactions

2. Transaction Searching and

Digital Receipts: Search Option

3. Reporting & Digital Receipts: Issue digital receipts and generate reports

4. Void Transactions: Any approved

transactions which haven't yet settled can still be voided

5. Adding Monitoring Users: assign

different roles to different users at their end

6. MPOS Devices Management: Complete management of devices assigned to the merchant.


Biometric Solution


Contact Details

30©2020 Property of Paysys Labs (Private) Limited. All Rights Reserved.

For all general queries you can email us at:

[email protected]

For business related queries you can contact:

Mr. Shazem Raza (Head Business Development)

[email protected]

+92 307 2489886

or

Mr. Muhammad Ashar Niaz (Business Development Executive)

[email protected]

+92 332 2964437

You can also follow us at:

www.facebook.com/paysyslabs/

www.linkedin.com/company/paysys-labs-private-limited

mailto:[email protected]



http://www.facebook.com/paysyslabs/

http://www.linkedin.com/company/paysys-labs-private-limited

Introduction - Paysys Labs

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