Mashreq Pakistan Signs Agreement with PTCL for Tier-III Data Center Colocation Services

Mashreq PakistanSigns Agreement withPTCLfor Tier-III Data Center Colocation Services Mashreq Pakistanis pleased to announce the signing of an agreement withPTCL.Official (PTCL)for the provision of primary data center colocation services at PTCL’s Tier-III Data Center facility. Mohamed Abdel Hamid Abdel-Razek, Group Head of Technology, Transformation, and Information at Mashreq, shared his thoughts on the partnership: “We are delighted to sign this agreement with PTCL as our trusted partner for infrastructure and platform hosting as part of the Bank’s digital transformation strategy. This partnership signifies a transformative step forward in the Bank’s approach to infrastructure, platforms, and data management. By leveraging PTCL’s data center and telecommunications expertise, Mashreq aims to achieve enhanced and reliable operating leverage, and reduced time-to-market for products and services.” This collaboration marks a significant milestone in Mashreq’s ongoing digital transformation journey. The bank is also progressing towards acquiring a restricted license from the State Bank of Pakistan to initiate pilot digital retail banking operations in Pakistan, reinforcing its commitment to innovation and expansion in the region.