Home Business Mobicash Partners With NADRA

Mobicash Partners With NADRA

Mobicash Partners With NADRA :

To Expand Branchless Banking Footprint

Islamabad – 16 February, 2016: Mobicash has finalized components of its partnership with NADRA Technologies Limited (NTL) to launch branchless banking services on NADRA e-Sahulat platform after a contract was signed between the two bodies. This partnership enables Mobicash to expand its branchless banking footprint by providing customers facility to initiate and collect money transfers through more than 12,000 e-Sahulat kiosks across Pakistan.

The signing ceremony was attended by Saleem Rafik, Director General Operations – NTL, Ghazanfar Azzam, CEO – Waseela Microfinance Bank Limited and Aniqa Afzal Sandhu, Head of Mobile Financial Services – Mobilink.

Speaking at the occasion about the benefits of this collaboration, Aniqa Afzal Sandhu stated, “This partnership furthers our goals to provide branchless banking services to the unbanked customers in Pakistan. While also facilitating our customers through added convenience and ease of access provided by the additional retail network of NADRA. Going forward NADRA services would also be available at our Mobicash agents.” Under the partnership, transactions can be sent and collected interchangeably from both Mobicash and NADRA agents. In the future, customers will also be able to utilize the service for loan repayments, Mobile Accounts and other Mobicash products.

“NADRA e-Sahulat was the first platform to offer electronic payment of utility bills through franchised model. Today it offers domestic remittance and other branchless banking services in collaboration with Mobicash & Waseela Bank,” said Saleem Rafik.

Talking about benefits to the masses, he further added, “Our solution is not only seamless and swift, but also has been further secured as CNICs of senders and receivers are verified by NADRA 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.

According to Ghazanfar Azzam,“This venture would have a transformational impact on the branchless banking landscape. Customers visiting retailers for NADRA services can now send money using Mobicash services.”Mobicash has more than 58,000 retail outlets across Pakistan. In the recent past Mobicash has also been engaged in biometric-based disbursements to the flood victims in Punjab. In addition, it also facilitates direct collection of donations across Pakistan. Mobicash offers both Over-the-Counter (OTC) and Mobile Account services for customers offering money transfer, payment of utility bills, corporate disbursements, mass payment collections, savings and insurance services.

 

Must Read

vivo creates beautiful moments in the opening ceremony of UEFA EURO 2020™

After a long-awaited kick off to UEFA EURO 2020™, fans around the world tuned into the opening ceremony on June 11, presented by vivo....

PTCL signs MoU with GCU for providing premium ICT services

Pakistan Telecommunications Company Limited (PTCL), signs a Memorandum of Understanding (MoU) with Government College University (GCU), during a ceremony organized at GCU campus in...

MoITT Launch “Smart Village” project in four provinces, Islamabad and Gilgit-Baltistan

Federal Ministry of IT and Telecommunications through Universal Service Fund, launched a "Smart Village" project in four provinces, Islamabad and Gilgit-Baltistan. The project will...

MoITT and Huawei Launch 1st batch of Government Employee ICT Training Program

Islamabad: TheMinistry of Information Technology and Telecommunication, in collaboration with Huawei Technologies Pakistan launched the much awaited ‘1000 Government Employee Training Program’ in a...

AkzoNobel Pakistan-SOS Children’s Villages Pakistan partnership continues to strengthen youth employability with the Power of Paint

15th June, 2021. Lahore, Pakistan: AkzoNobel -the world industry leader in paints and coatings and producer of Dulux paints in Pakistan- has entered its...