Bank Alfalah & Karandaaz Pakistan To Provide Digital Financial Services in Pakistan

Bank Alfalah and Karandaaz Pakistan recently signed two agreements to collaborate and develop innovative, digital financial solutions in Pakistan. Under the first agreement, Karandaaz Pakistan will provide technical assistance to Bank Alfalah for the development of a digital strategy that will help the bank offer digital financial services to its customers, particularly the under-banked segments of the market. The second agreement focuses on digitization of supply-chain payments and conversion of cash transactions to wallet account-based transactions. A few thousand retailers are expected to be digitized in the pilot phase.

Speaking at the occasion, Mr. Atif Bajwa, President & CEO Bank Alfalah said, “At Bank Alfalah, we are committed to enhancing financial inclusion by reaching out to the unbanked populations who have limited access to financial services. This partnership will help us to provide innovative supply-chain payment solutions to meet the changing needs of our customers.”

Imdad Aslam, Interim CEO, Karandaz Pakistan said, “In order to bridge the gap between the banked and the unbanked and reach out to remote and marginalised populations where access to financial services is limited, building a deeper understanding of alternatives to brick-and-mortar banking is of utmost significance. I am excited about this two-fold partnership with Alfalah and look forward to learning about retailer motivation so that appropriate incentivization structures can be designed to digitize payments at a larger scale.”

The signing ceremony took place at Bank Alfalah’s office in Islamabad and was attended by senior representatives from both organisations.

Comments

NADRA Makes a Substantial Reducation in Smart ID Card Fees

The fee for the Smart National Identity Card (SNIC) has been decreased by NADRA. Interior Minister, Chaudhry Nisar, has ordered the authority to reduce the fees for the smart ID cards substantially, we have learned. Smart National Identity Card The smart ID card contains a QR code for easier and faster identification as well as a data chip with 36 security features which makes it one of the most secure cards in the world. Each layer of the card comes with its own security features and it also has secure communication protocols for remote identification. A large amount of space on the card has been made available for the private sector to utilise for their products and services. Although, its expensive private sectot to use this card, once the number of smart card users in the country reaches critical mass, it will be much more profitable for them to use this universal and secure platform. New Fee Structure NADRA has decreased the fee for smart ID card from Rs. 1500 t

Choosing the Best 3G/4G Internet Package in Pakistan

Since the launch of 3G/4G in Pakistan in 2014, we have witnessed a massive increase in mobile data usage . Telecom operators are also much more focused on bringing multitudes of time and usage based internet packages, catering to the needs of all types of users. For our readers, we have made a comparison of all the time and usage based 3G/4G packages offered by all of the major telecom providers in Pakistan. We have categorised all the 3G/4G packages in the following categories: Daily 3G/4G Internet Packages 3-Day 3G/4G Internet Packages Weekly 3G/4G Internet Packages Monthly 3G/4G Internet Packages Social Media Packs Other 3G/4G Internet Offers Comparing the below tables, our readers will be able to find the best internet package from any mobile phone company in Pakistan. Daily 3G and 4G Internet Packages: We start off with the daily internet packages. Most of the internet providers are offering multiple usage-based options in their daily packages. 3-Day 3G/4G I

Reality of The 50,000 Mini Car in Pakistan

News regarding a Rs 50,000 maintenance-free Mini electric car have been making the rounds on social media as well as on some online news sites. Amongst all the rumors and misunderstandings the real facts about Mini Car seem to have been lost. Today, we take a look at what are those facts and what are solely based on rumors. Details About the Car Images being shared on social media suggest that a car which does not require any petrol or CNG and requires no maintenance is now available in Pakistan and costs as much as a motorbike. If you have a bit of understanding of such vehicles or have seen them at some local parks etc. these cars are electric vehicles. These small electric cars also called Mini Smart Cars are manufactured in China and are being imported by a company calling itself NK Smart Cars. The name of the company is based on the name given to the vehicle by the Pakistani importer i.e. NK Smart Car. Read More: Electric Cars and Rickshaws Available in KPK The s

Pro Pakistani

Search This Blog