Warid Telecom and Bank Alafalah aquire license for mobile financial service
[Lahore, 13th December 2013]: Warid Telecom will soon launch its mobile financial service in collaboration with Bank Alfalah Limited. Bank Alfalah Limited has been granted the license by State Bank of Pakistan to operate its branchless banking services and Warid Telecom is facilitating the bank with its wide network cellular coverage.
Warid and Bank Alfalah's joint mobile financial services aim to provide convenient financial solutions to all segments of the society. This latest service will provide unbanked customers with a secure channel for money transfer and utility bill payments..
Speaking about the service, Warid Telecom’s Vice President Mobile Financial Services, Mr. Suhail Jan said, “We will soon be launching our Mobile Financial Services in collaboration with one of the largest financial institutions in Pakistan, Bank Alfalah Limited. These services are essential in today's fast-paced life. With this service, we aim to provide a secure, fast and convenient solution for daily financial transactions such as money transfer and payment of utility bills.”
Warid Telecom and Bank Alfalah have finalized all the ground work required to start their Mobile Financial Service. Now with the State Bank of Pakistan's go ahead, the two industry giants will soon come into the market with their much anticipated mobile financial service.