Printer Friendly

Mobicash endeavouring to expand branchless banking footprint.

ISLAMABAD -- Mobicash has finalized components of its partnership with NADRA Technologies Limited (NTL) to expand its branchless banking footprint.

This partnership enables Mobicash to expand its branchless banking by providing customers facility to initiate and collect money transfers through more than 12,000 NADRA e-Sahulat kiosks across Pakistan, Head of Mobile Financial Services, Mobilink, Aniqa Afzal Sandhu said on Wednesday.

About the benefits of this collaboration, she said, this partnership furthers our goals to provide branchless banking services to the unbanked customers.

This would also help facilitate customers through added convenience and ease of access provided by additional retail network of NADRA.

As per partnership, transactions can be sent and collected interchangeably from both Mobicash and NADRA agents.

She said in future, customers will also be able to utilize service for loan repayments, Mobile Accounts and other Mobicash products.

Director General Operations, NTL, Saleem Rafik said NADRA e-Sahulat was the first platform to offer electronic payment of utility bills through franchised model.

He said today it offers domestic remittance and other branchless banking services in collaboration with Mobicash and Waseela Bank.

He said the solution is not only seamless and swift, but also has been further secured as CNICs of senders and receivers are verified for each transaction.

This unique feature will not only facilitate consumers with added advantage to avoid errors but will also facilitate banking industry for financial inclusions.

Chief Executive Officer, Waseela Microfinance Bank Limited, Ghazanfar Azzam said this venture would have a transformational impact on branchless banking landscape.

Customers visiting retailers for NADRA services can now send money using Mobicash services.

COPYRIGHT 2016 Asianet-Pakistan
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Feb 18, 2016
Previous Article:Shipping activity at Port Qasim.
Next Article:KPT shipping intelligence report.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters