STAFF REPORT IBD: Pakistans Warid Telecom will soon launch its mobile financial service in collaboration with Bank Alfalah.
The Bank has been granted the licene by the State Bank of Pakistan to operate its branchless banking services across Pakistan and Warid Telecom is facilitating the bank with its wide network mobile coverage.
Warid and Bank Alfalahs joint mobile financial services aim to provide financial services to all segments of the society. This service will provide unbanked customers with a secure channel for money transfer and utility bill payments.
Warid Telecom and Bank Alfalah have finalised all the ground work required to start their mobile financial service. Now with the State Bank of Pakistans go-ahead, these two industry giants will soon come into the local market with their much anticipated mobile financial service with full potential.