Tameer Bank, a subsidiary of Telenor Pakistan and one of the leading and most innovative microfinance institution of Pakistan, has selected RPS, the Remittance Processing System from TPS. This implementation will make Tameer Bank amongst the first few banks in Pakistan to have a fully automated Home Remittance Processing System. RPS is a one stop solution that will fulfill Tameer bank’s immediate and future needs for remittance processing and disbursements. While Pakistan is facing a big challenge in getting remittances through formal channels, the banks managed to receive remittances of $8.906 billion through formal channels in FY2010 due to the efforts of the Pakistan Remittance Initiative (PRI).
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