Home Technology Allied Bank And Mobilink Partner to promote financial inclusion and domestic remittance

Allied Bank And Mobilink Partner to promote financial inclusion and domestic remittance

Allied Bank And Mobilink Partner to promote financial inclusion and domestic remittance

LAHORE, 29 June 2016: Allied Bank,the fourth largest private sector commercial bank in Pakistan with a branch network of over 1,050 branches and Mobilink, the nation’s largest Mobile Network Operator with over 35M subscribers have announced a partnership to promote financial inclusion through enabling of JazzCash domestic remittance services for ABL to mutually serve customers of Allied Bank and Mobilink Microfinance Bank.

ABL and Mobilink Signing PR

The domestic remittance service will enable ABL customers to initiate domestic remittance transaction at an ABL Branch or using available Digital Banking Channel and the beneficiaries of JazzCash can collect the proceeds from any ABL branch in addition to 60K+ JazzCash agent locations throughout Pakistan.Jeffrey Hedberg, President  & CEO – Mobilink, on his visit to Allied Bank head office at Lahore, said, “JazzCash is continuously expanding its footprint to reach out with a portfolio of services which bring convenience to the lives of our customers. We are absolutely delighted to partner with Allied Bankas we jointly advance our ambition to build sustainable bridges between the unbanked and banked population across the communities of Pakistan.”Speaking on the occasion, Mr. Tariq Mehmood, President &CEO ABL said, “We are excited to collaborate with an experienced partner like Mobilink to launch domestic remittance to usher in the branchless banking services and for furthering the national financial inclusion agenda. This synergy besides improving access to financial services for unbanked segments of the society will establish a direct/ straight through processing of flow of funds from already banked customers to unbanked groups and in bringing them closer to mainstream banking channel.”

Must Read

A dark horse contender in the wearables market, realme breaks into the Top 10 TWS brand in terms of global market share

realme, the fastest-growing smartphone brand in the world, recently broke into the Top 10 TWS brands in terms of shipments for Q3 2020, according...

January 2021’s Biggest Launch, OPPO Reno5 is Now Available in the Market for all the Photography Enthusiasts out there

Specifications OPPO Reno5 Appearance Weight: about 171g Height: about 159.1mm Width: about 73.3mm Thickness: about 7.7mm (Starry Black); about 7.8mm (Fantasy Silver) Screen Size:  6.4"(16.33cm) Screen Ratio: 91.7% Resolution: 2400 x 1080 (FHD+) Refresh...

Telecom Sector Contributes 278b to National Exchequer in Year 2020: PTA Annual Report

Telecom sector has emerged as a prominent contributor to Pakistan’s economy and the sector contribution to the national exchequer has shown an increase of...

realme manifested to improve picture quality through innovation by introducing 64MP camera

realme has launched some best camera phones in the market. They have matched all the requirements of the customers. The increasing quality and features...

OPPO Places Primary Focus on Crafting an Ideal User-Centric Customer Experience Through their IoT Ecosystem

OPPO has been making waves ever since it entered the Pakistani market in 2015 with its high-quality smartphones. Having recently released the ultra-sleek new...