Rubina Tayyab, Director General of Pakistan Post said "Financial Inclusion is the demand of the modern postal users and Pakistan Post join hands with UBL to provide branchless
banking services to the masses across the country".
banking newsletter released by the central bank stated 'SBP made it mandatory for the banks to conduct Person-to-Person transactions only through the Biometric Verification System (BVS) devices starting July 2017.
With this solution, ZING Digital Commerce aims to gear up Dubai Islamic Bank Pakistan with seamless Branchless
Nine conventional banks and financial institutions are already offering branchless
banking services in Pakistan.
We are hoping to launch our branchless
banking platform in June,' Dubai Islamic Bank Pakistan Chief Executive Officer Junaid Ahmed said after signing an agreement with Chinese technology company, Zing Digital Commerce (technology partner of Shanghai F-Road, China), which is deploying the tech-based system at the bank.
In outgoing quarter, a new branchless
banking was introduced by JS Bank named JCash which also added more than 30 agents in its network.
The central bank remarked that branchless
banking accounts grew 73pc as compared to same duration last year, however, almost all companies struggled with keeping these accounts active.
Amaar Naveed Ikhlas - Head of Branchless
Banking Bank Alfalah, and Mr.
banking system makes provisions for services such as accepting deposits or payments via individual agents, with no need to personally visit local bank branches or ATM sites, among others.
banking, SERVEQUAL model, Factor analysis, Kaiser-Meyer-Olkin measure, Bartlett's test of sphericity.
Like your interviewee Nadeem Hussain in the December issue of Southasia says the biggest challenge that branchless
banking faces is lack of awareness.
Earlier, Governor State Bank of Pakistan (SBP) Ashraf Mahmoud Wathra said branchless
banking was being encouraged to cater for the rural and underserved areas of the country.