Based in Karachi, Pakistan, Meezan Bank is the 8th largest bank in
Pakistan in terms of branch network, and provides a range of
Islamic banking products and services. It operates more than 350
branches in more than 100 cities across the country, as well as a
network of more than 315 ATMs. Expanding its self-service network with
new Diebold 429 ATMs is helping the bank remain one of Pakistan's fastest-growing banks and emphasises its commitment to the environment. The Diebold 429 is the first energy-efficient ATM deployed in Pakistan. It operates on as little as 70 watts of power and features an intelligent-powered management system that counteracts unreliable power availability to enhance ATM uptime for Meezan Bank's customers.
"We are committed to enhancing the convenience, availability and sustainability of banking services for our customers," said Ariful Islam, Deputy Chief Executive Officer, Meezan Bank. "Our new ATMs will enable us to expand our reach to more customers in remote areas where power availability is a challenge."
The Diebold 429 ATM offers uninterrupted power availability by continuously monitoring the power required to complete transactions and automatically alternating between three possible power sources – solar panel, alternating current (AC) grid and internal battery. The ATM switches seamlessly between these sources to maximise uptime and reduce energy consumption by up to 40% compared with other ATMs.