STAFF REPORT IBD: Ufone has announced that Abdul Aziz, President and CEO, Ufone, recently opened his wallet account using branchless banking solution during a ceremony that marked the commencement of the branchless banking solution that the company is set to offer to the public in coming days.

Rainer Rathgeber, Group Chief Commercial Officer at Etisalat, was present at the first wallet opening ceremony of Branchless Banking

Last month Ufone was granted the licence by State Bank of Pakistan to operate branchless banking nationwide with the brand name of U Microfinance Bank (formerly Rozgar Microfinance Bank Limited).

Ufone intends to start offering branchless banking solutions to masses, for which the pilot is already underway.

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