SMS Banking
SMS banking can be considered a form of mobile banking. It is a specialized tool for leading banks and financial institutions to use SMS messaging technology to send messages (SMS) to their customers' mobile phones. Messages can also take the form of instructions or notifications. By using SMS banking, customers can easily use SMS technology to conduct various types of financial transactions.
Services related to SMS banking can be implemented as push or pull messages. Push messages refer to messages sent by banks or financial institutions to customers' mobile phones without requiring consumers to initiate any requests for information.
On the other hand, the pull message in the SMS banking scenario refers to OTP (One Time Password). Banks and financial institutions use OTP as the latest tool to combat various forms of cyber crime or fraud.
Features
Accessibility
Users can access their banking information from anywhere if they have network coverage on their mobile phones. Essentially, SMS banking brings the information to the customers by bringing the customers to the information.
Portability
Unlike many platform-dependent applications, SMS Banking can be used from any GSM phone.
Convenience
SMS banking offers convenience to its users. It allows users to perform most banking transactions simultaneously because there is no such thing as standing in a queue.
Time-Efficiency
SMS banking reduces the time required to perform ordinary banking transactions; this is because everything is automated, and there is no human intervention.
Cost-Efficiency
Comparatively, SMS banking reduces the cost of executing bank transactions, and the cost of accessing information is relatively low.
Our Products
Some of our best performing SaaS Products
iMPACT
iPath offers 'iMPACT' a multi-institution transaction processing middleware enabling a broad spectrum of payment ecosystem requirements in a single robust platform.
iCON
iCON offers a complete software solution to enable users to access all the bank's business functions from an ATM and POS. It includes promoting innovative services and transactions at the customer level and effectively managing and monitoring the entire banking system from a central point.
iNOVA
iNOVA offers a full-function Card Management System providing comprehensive processing capability with rich functionality, seamlessly integrating with core banking, mobile wallet, back-office operations, and support for 3rd party integrations.
iDRS
iDRS promotes fast and accurate case processing to reduce costs and improve user experience based on a structured and automated workflow. It provides an advanced user interface, excellent operational management, enhanced reporting, and better-integrated functions
Features & Solutions
Some of the Features, Services and Solutions that we offer
Contact Us
iPATH (Pvt) Ltd is an innovation factory that builds products using quick development cycles personalized to organizations’ strategic needs.
iPath Pvt. Ltd. 9th Floor,
Kawish Crown Plaza,
Main Shahrah-e-Faisal
Karachi Pakistan.
+92 21 111 767 911