National Bank of Pakistan, Mobilink in addition to Waseela Microfinance Bank
Constrained, signed an agreement to create collaboration between Mobicash, the fastest growing mobile financial service and also the upcoming digital banking initiatives of NBP. This collaboration is the initial step to jointly create the desired financial services eco program; not only for individuals of Pakistan but also to facilitate the payments & collections with the Government of Pakistan. Your signing ceremony was joined by Jaffrey Hedberg : CEO Mobilink, Bilal Munir Sheikh – VP Mobilink, Aniqa Afzal Sandhu – Representative Mobile Financial Services – Mobicash, Ahmed Hussain Sulaiman – Fundamental strategy officer and Ghazanfar Azzam, Web design manager & CEO WMBL. Via NBP, ceremony was joined by President Mr. Syed Ahmed Iqbal Ashraf, SEVP/Group Fundamental Commercial & Retail Banking Group – Mr. Mudassir L. Khan, EVP/Head – Remote control Banking & ADC Mr. Azfar Jamal in addition to VP/Head of Strategy & BI Mr. Umair Javaid. This agreement has been envisaged with the fact financial inclusion is fundamental on the social agenda of decreasing income inequality and lower income. To achieve the target of financial inclusion, the right strategy is collaboration between key players out there; and with this subscribing to of hands between among the largest banks in Pakistan owned with the Government of Pakistan in addition to Pakistan’s largest Telco Agent, the dynamics of this financial services market will reach the next motorola milestone phone. Under the ambit with this arrangement, multiple services are going to be leveraged upon including Mobilink USSD Station, Agent Network of Mobicash in addition to NBP transaction base, to fulfill the needs of banked along with the unbanked population of Pakistan which includes facilitation of P2G in addition to G2P
Speaking in the ceremony, Mr. Syed Ahmed Iqbal Ashraf TOP DOG & President of NBP explained, “Being National Treasurer, NBP has strategized in order to facilitate customers by making a National Payment Eco-System letting customers to avail any kind of P2G and G2P services 24/7 through all offered Digital Channels. By leveraging for the expertise of Banking in addition to Telcos, we aim to achieve our long term target of financial inclusion in Pakistan and in addition bridge the service-divide between rural and urban. ”
SEVP/Group Fundamental C&RBG NBP, Mudassir L. Khan said, “Development of National Payment Ecosystem in partnership with Telecom service providers are going to be catalyst to extend this financial outreach and advantage to every citizen associated with Pakistan. NBP is fitting in with enable every possible channel by aggregating the many P2G and G2P deals. NBP also aims in order to facilitate partner and potential organizations too to provide Cash Managing Solutions through these electronic digital channels”.
Speaking to the media in the signing ceremony, Jeffery Hedberg explained, “Mobicash is continuously expanding its footprint with regard to outreach and the services we provide to bring convenience within the lives of our customers. Partnering with NBP with regard to Mobile Financial Services is another step towards increasing our outreach and offering convenience to customers with urban and rural parts of the country. This agreement also enables us to bridge the financial gap within the under-banked areas of
“Our primary vision is bridging this gap between tele-density in addition to banking coverage. Currently you will discover about 28 million bank accounts much like State Bank statistics while tele-density has crossed this 132 million mark. Were proud to be companions with NBP and Mobilink just for this initiative, as it progresses our vision and allows us to reduce the current divide between unbanked and banked population from the country, ” said Ghazanfar Azzam.
National Bank being the greatest bank of Pakistan is operating with more than 1350 branches across Pakistan. In addition in order to core services being trustee associated with public funds, bank has diversified its business portfolio possesses been competing market within the debt equity market, business investment banking, retail & customer banking including agricultural in addition to government collections & repayments. NBP aims to progress a National Payment Eco-System in order to facilitate entire population associated with country through every feasible delivery channel 24/7. Under this initiative bank is in process to enhance digital outreach through just abouSearch Descriptiont all available digital channels within the banking.
Mobicash has 50, 000 shops across Pakistan. In the recent past Mobicash has additionally been engaged in biometric-based disbursements on the flood victims in Punjab. Furthermore, it alsofacilitates direct number of donations across Pakistan. Mobicash offers both Over-the-Counter (OTC) services and Mobile- account facilities for customers along with funds transfers, payment of bills, corporate disbursements and large payment collections.