Tag: banking

Bank Alfalah Launches Self-Service Banking Kiosks Enabling Customers to Open a Digital Account within 3 Minutes

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article image KARACHI – May 30, 2017: In continuation of its efforts to digitize the country’s financial services landscape and promote financial inclusion here, Pakistan’s top banking institution, Bank Alfalah Limited, has partnered with C Square Consulting to install self-service banking kiosks. Using these IntellekT kiosks, anyone can open a Bank Alfalah digital/wallet account powered by UnionPay […]…Read More

PTA highlights potential of mobile banking

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article image STAFF REPORT ISB: Pakistan Telecom Authority (PTA) in collaboration with Total Communication has recently organised the "2nd International Conference on Mobile Banking" in order to explore potential opportunities across mobile commerce sector in the country. Representatives from SBP, banks, financial institutions, Ministry of IT, cellular operators, software houses, ICT consultants and academicians attended to impart their invaluable input and expertise on the subject. …Read More

Mobicash steps farther for electronic banking

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article image STAFF REPORT ISB: The branchless banking service Mobicash is gaining popularity in Pakistan and sensing this, NADRA Technologies Limited (NTL) has signed an agreement to launch this service on NADRA e-Sahulat platform. This will allow Mobicash customers to use e-sahulat booths across Pakistan for payment of utility bills, money transactions, loan repayments, open of new mobile accounts and several other features. The formal agreement signing ceremony was held. The representatives of…Read More

Mobicash steps farther for electronic banking

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article image STAFF REPORT ISB: The branchless banking service Mobicash is gaining popularity in Pakistan and sensing this, NADRA Technologies Limited (NTL) has signed an agreement to launch this service on NADRA e-Sahulat platform. This will allow Mobicash customers to use e-sahulat booths across Pakistan for payment of utility bills, money transactions, loan repayments, open of new mobile accounts and several other features. The formal agreement singing ceremony was held. The representatives of both…Read More

Huawei drives smart banking services

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article image STAFF REPORT ISB: Huawei, a global ICT solutions provider, has expanded focus in helping financial institutions to deliver innovative services to their customers by bringing to market a series of next-generation banking technologies as well as additional consultancy expertise. Rising technology trends such as cloud computing, big data analytics, smart and virtual banking concepts are accelerating the digitization of the local financial industry. Huawei continues to build on its…Read More

Bright future for mobile banking

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With over 130 million mobile phone users, Pakistan has emerged as the fifth largest mobile phone consumer market in Asia thus opening the rich chances of further growth for mobile banking market. The mobile banking sector is not a new phenomena in the developed world with offering quality, speedy, accurate as well as paperless services involving the customers through mobile phones. Pakistan has been aggressively in this sector especially for the last couple of years and now the introduction…Read More

HBL, IBA enter deal for banking services

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article image STAFF REPORT LHR: HBL has recently signed an agreement with IBA, the Pakistan’s most trusted name in higher education sector, for HBL employee banking solution. The solution will allow IBA to avail customized payroll and salary account services for IBA’s employees in Pakistan. the HBL Employee banking solution will provide Debit Cards, Internet Banking, SMS Alerts, Mobile / Phone Banking, Consumer Leading (Mortgages, Auto Financing, Personal loans and Credit Cards) on preferential…Read More

M-banking network reaches over 125,000 mark

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STAFF REPORT ISB: The introduction of new players has helped the overall numbers of agents of m-banking network to touch over 125,000 mark till March 2014. New players in the m-banking market can further expand the existing base of m-banking network as a healthy competition in the market and reduces the cost of m-banking transactions while new products and business models are launched considering the consumer requirements. The PTA aims to provide an enabling environment for mobile banking…Read More

Solar ATMs for uninterrupted banking

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STAFF REPORT KHI: Buksh Energy Pvt. Ltd is promoting solar energy solutions in Pakistan by ensuring provision of turnkey solutions for Solar ATMs which can become a premier solution for facilitating uninterrupted online banking services and overcome electricity shortages in the country, says a press release from Buksh Energy. This will help to provide a 24/7 online banking service to its customers. The company had introduced its Solar ATMs in Pakistan in 2012. It has partnered with Bank…Read More

M-banking to facilitate unserved people

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article image STAFF REPORT ISB: The recent years have witnessed a revolutionary concept of social and economic services that are fast changing with introduction of innovative mobile payments (m-payment) systems. M-payment systems are particularly important for financial inclusion of poor and unserved in formal financial system and thereby are playing a vital role for an inclusive growth and poverty reduction in Pakistan. The country’s cellular mobile companies and financial institutions have…Read More