Warid Telecom has joined Bank Alfalah Limited to launch their Branchless Banking Service. The brand name chosen for this purpose is ‘Mobile Paisa’. Monet (Pvt.) Limited is the technology provider who employ technology of Visa International in order to provide nationwide Branchless Banking solution to banks and telecom companies.
Warid and Bank Alfalah Limited have the aim to narrow down the gap between banking services and customers by providing state of the art mobile financial services to the consumers. It will bring reliability, convenience and security to the banking services.
Mr. Muneer Farooqui who is the Warid Telecom’s Chief Executive Officer, on the occasion of achieving 10,000 agents target for branchless banking said that
We are constantly growing in every aspect, with one of the top ARPUs, our brand is acknowledged as the most reliable and transparent in the Industry.
Our branchless banking brand, Mobile Paisa, is aimed at making Mobile Financial Services effortless task for our consumers. In this era of modernization and technical development, it is essential to digitize and enhance transacting convenience through a secure and swift system.
With the strong backing of the Abu Dhabi Group, we are constantly putting every effort to ensure that we remain unmatched in providing innovative services to our valuable customers.
Bank Alfalah is one of the biggest banking institutions in Pakistan and this is the edge that Mobile Paisa enjoys over its competitors in this telecom-banking collaborative product.
Mr. Faisal Khan Sadozai (Mobile Financial Services Director of Warid Telecom) said that hitting over 10,000 agents in very short span of time is the beginning and the company has aggressive expansion plans backed up by sound strategy in order to make Mobile Paisa an evolving and thriving brand in near future. He showed determination towards achieving 30,000 agents across 1,000 towns across the country in near future and expressed his view that Pakistan is a good market as far as branchless banking is concerned.
Mobile Paisa Services
- Money transfer – account to account, account to national identity card, national identity card to national identity card
- Bill Payments
- Customer Mobile Wallets
This is not all as Mobile Paisa is determined to launch more services that currently are in pipeline.
Service Charges
- Sending and Receiving Transactional Limit on a CNIC is 15,000 Rupees per month
- Number of transactions per CNIC in a month has no limit
