NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in asset finance and leasing industry solutions, has announced a landmark $16 million agreement with a major automaker to revolutionize digital car buying and leasing in the United States. The five-year contract will involve the customization, implementation, and deployment of NETSOL’s cutting-edge omnichannel digital retail platform, Otoz, alongside an ongoing SaaS subscription.

Naeem Ghauri, President of NETSOL Technologies and Founder of Otoz, expressed enthusiasm about the collaboration:

“We are thrilled to work with one of the world’s leading automakers to enhance the car sales and purchase process for their dealerships and customers. Building off the recent US-market traction with MINI Anywhere and AutoNation Mobility, this new partnership is a monumental milestone for the Otoz platform, underscoring the transformative potential of NETSOL’s competence in redefining digital retail experiences and aligning with the evolving demands of the automotive sector.”

Highlighting the aggressive growth in the US automotive OEM and dealerships segment, Ghauri added, “We anticipate further growth and development for Otoz in this fiscal year and beyond. We are uniquely positioned to capture market share with comprehensive solutions spanning from digital retail to auto finance.”

NETSOL’s Otoz platform, known for its headless, API-first architecture, promises unparalleled flexibility and seamless integration with dealerships’ essential operations, maintaining top-tier security and compliance standards.

About NETSOL Technologies

NETSOL Technologies is a global pioneer in delivering advanced solutions for the asset finance and leasing industry, serving automotive OEMs, autocaptives, and financial institutions in over 30 countries. Since 1996, NETSOL has been at the forefront of technology, leveraging AI and cloud services to meet the complex needs of the global market. Renowned for its industry expertise, customer-centric approach, and commitment to excellence, NETSOL fosters strong client partnerships, ensuring success in a dynamic landscape. With a legacy of innovation, ethical practices, and a focus on sustainability, NETSOL continues to empower businesses worldwide, solidifying its position as a trusted partner for leading firms globally.

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This is the same company who had launched Mobile Point of Sale in 2015 in association with Habib Bank Limited.

The Master Card of office was established in Karachi. The company aims to make its business strong and stable in Middle East and African regions.

MasterCard that is a technology company in the global payments industry is going to provide people of Pakistan wider range of payment services. It will provide services like debit cards, credit cards, prepaid offers, MasterCard Payment Gateway Services, MasterCard Rewards Solutions and digital payment solutions through its newly-established dedicated office. The company knows how to satisfy their customers as company is stable in Middle East since the 1990s.

The master card has 17 issuers who are availing both services the credit and debit card services. Not just this but MasterCard also has launched a first interoperable digital payment service. This service allows the users to send a wider range of money through their mobiles that means transfer of money is just one click away. It is very secure operating system and is reliable.

The MCB Bank and Bank Alfalah are the banks having the facilities provided by MasterCard. Meezan Bank is heard to be the next authority which could deal with MasterCard, but at a smaller level with less range of amount. This is the facility that could be availed be small business men across Pakistan.

This is a versatile way of transaction of money that makes it easy for business men to deal in greater amount of money with greater benefits and less loss.

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