Bank AL Habib Limited recently announced the launch of its POS acquiring business in an exclusive collaboration with Wemsol (Pvt) Ltd, owned by the reputable Machyara Group. Through this launch, Bank AL Habib has become only the fifth bank in Pakistan to enter the Acquiring Business. The POS acquiring business has been brand named as "Keenu", which allows it to stand out amongst the competition.
Through this strategic collaboration, Bank AL Habib initially intends to penetrate major metropolitan cities and many rapidly growing cities such as Gujranwala, Jhelum, Daska, Quetta, Peshawar, Vehari, Sargodha, etc, which have substantial potential for growth. Significant opportunities exist to bring the customers in such cities into the financial system and enable them to use electronic banking channels for their financial needs.-PR
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