STAFF REPORT KHI: Warid Telecom and Bank Alfalah Limited have launched their mobile financial service by the name of Mobile Paisa. The soft launch has been announced with the tagline “Chalta Rahey Pakistan”, said a press statement issued here.


The Mobile Paisa service will enable the users to pay utility bills and transfer money across Pakistan, it said.


Monet (Pvt) Limited is the technology provider of this facility. The technology provider partnered with Fundamo – a global mobile platform provider – to utilise its technology and offer branchless banking solutions to banks in Pakistan, said the statement.


Empowering millions of people, making their mobiles serve their banking needs, this is the first of its kind mobile financial service in Pakistan which is launched in association with a corporate bank, Bank Alfalah.


“Mobile Paisa is aimed at making banking, money transfers and bill payments effortless tasks. In this era of modernization and technical development, it is essential to digitise and hence enhance transacting convenience through a secure and swift system,” said Bank Alfalahs Head of Branchless Banking Amaar Naveed Ikhlas.


Monet financial cloud solution has the capability to host multiple banks completely secure and independent from each other. The platform technology and operations have been audited by independent auditors and SBP as well.

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