HBL soft launches branchless banking

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.

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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 offering to its consumers and corporate customers with least 25 percent lesser charges.

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According to details, the branchless banking would offer a number of services like online bill payment, funds transfer, government to private transaction, tax collection, loan payments, insurance.

The official told this scribe on condition of anonymity that the branchless banking would start with over 200 regional hubs which will control end-point retailors in their respective regions.

“The branchless banking industry would witness a tough competition in coming years that would surely dent the dominating position of the EasyPaisa,” a senior banker said.

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