Tag: branchless

NADRA, HBL partner on branchless banking

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STAFF REPORT IBD: The NADRA Technologies Limited (NTL) and Habib Bank Limited (HBL) have signed a Branchless Banking Super Agency Agreement as a strategic alliance, whereby more than 5,500 NADRA e-Sahulat outlets will conduct branchless banking financial transactions under the brand name of HBL Express. This agreement will result in provision of financial services, to the unbanked population of Pakistan. It is a joint step of both the entities towards financial inclusion, leading to…Read More

HBL set for commercial launch of branchless banking

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article image STAFF REPORT KHI: Habib Bank Limited has also joined the cluster of banks offering branchless banking services to their services as the bank has got the branchless banking license for the commercial launch of its operations across Pakistan.According to an official, the State Bank of Pakistan has finally issued the HBL the license for the launch of the services in a week or so."This has been achieved only after our bank has successfully carried out mobile financial services during its pilot…Read More

Ufone opens 1st wallet account for branchless banking

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STAFF REPORT IBD: Ufone has announced that Abdul Aziz, President and CEO, Ufone, recently opened his wallet account using branchless banking solution during a ceremony that marked the commencement of the branchless banking solution that the company is set to offer to the public in coming days.Rainer Rathgeber, Group Chief Commercial Officer at Etisalat, was present at the first wallet opening ceremony of Branchless BankingLast month Ufone was granted the licence by State Bank of Pakistan to…Read More

Zong organises workshop for media on branchless banking

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article image STAFF REPORT IBD: With the introduction of branchless banking, the transmission of money has become effortless and swift. ZONG realizes that with the growing usage of branchless banking, there is a dire need to fill the gap of knowledge for telecom journalists who desire a better and in-depth understanding of this technology.Farooq Niaz, Manager PR and CSR at ZONG, said this in his remarks during a workshop organized by Zong on branchless banking at the Institute of Business Administration, City…Read More

Zong starts branchless banking TimePey

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article image STAFF REPORT KHI: Zong has recently got a licence from the State Bank of Pakistan (SBP) for Branchless Banking across the country in collaboration with the Askari Bank.According to details, Zong has launched it’s Branchless Banking services which is named as TimePey’.The service was launched at a ceremony held last week at the Expo Center Karachi. With the launch of this service, Zong has become the third cellular operator that is offering Branchless Banking service in Pakistan.While giving…Read More

SBP gets global repute for branchless banking

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article image STAFF REPORT KHI: The State Bank of Pakistan (SBP) has gained international recognition for its regulatory role in microfinance and branchless banking by making an enabling environment for their development in Pakistan.According to an international media report, the World Bank has praised SBP for its innovative approaches in expanding the access to financial services for the unbanked and underserved population of the country."Pakistan has one of the best regulatory environments in the world…Read More

Zong, Askari Bank sign MoU for branchless banking

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article image STAFF REPORT IBD: The State Bank of Pakistan has issued branchless banking licence to Zong and Askari Bank."Zong in collaboration with Askari Bank will be launching a complete branchless banking solution including wide spectrum of services like mobile account, money transfers, utility bill payment," a senior official of Zong said in a statement.He said that Zong and Askari have entered a pilot project which went under SPB audit in mid-September 2012 and last week the licence to launch…Read More

Waseela Bank starts branchless banking thru Mobilink

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STAFF REPORT IBD: The Waseela Microfinance Bank (WMBL), in partnership of Mobilink, has launched its branchless banking in Pakistan in order to extend more service benefits to its customers across the country."The Bank plans to introduce mass-market financial products for providing more choices and benefits to the people, which include Cash Deposit and Withdrawal, Fund Transfer from Account-to-Account and Person-to-Person, Mobilink Top Ups and Utility Bill Payment amongst other services,&…Read More

HBL soft launches branchless banking

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article image STAFF REPORT KHI: The Habib Bank Limited has opted to go for branchless banking solution in Pakistan as a pilot project before going for a full scale commercial launch planned from the current month.The HBL branchless banking will be second bank going for the branchless banking solution, Omni being the first that aims to trigger the next big segment in the country to give hard competition to the services like easypaisa.It appears that HBL is going to offer all kind of services that EasyPaisa is…Read More

Branchless Banking gaining ground in Pakistan

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article image STAFF REPORT KHI: The growth momentum of the branchless banking sector is gaining ground in Pakistan despite the conventional difficulties and overall challenging macro conditions. The recently released fourth quarterly issue of the SBPs Branchless Banking newsletter series shows yet another period of impressive all-round gains in the sector.The Branchless Banking services penetration has increased by a handsome 37 per cent between April and June for the registered number of mobile banking…Read More