Pakistan's premier banking institution, Bank Alfalah has struck a historic deal with the country's first and the largest branchless banking service, Easypaisa to bring the unbanked population of the country within the fold of financial inclusion. The agreement also entails joint efforts from both the corporate giants to promote and strengthen digital payments in the country.
The deal was signed by Mohib Hassan, Chief Information Officer, Bank Alfalah and Muhammad Yahya Khan, Head of Easypaisa, at Bank Alfalah headquarters, Karachi in presence of higher management from both the organizations. Bank Alfalah and Easypaisa are the torch-bearers of digital technology in the banking and finance sector. Both the institutions have launched comprehensive digital ecosystems featuring numerous products and services in order to promote digital banking for greater ease and access of their respective customer base.
Sharing thoughts on this, Bank Alfalah representative said,"We are glad to join forces with the country's first and largest branchless banking service Easypaisa to expedite financial inclusion in Pakistan. The mutual cooperation will strengthen digital payments' system in the country including the G2P payments ushering in an era of ease and convenience."
Commenting on the development, Head of Easypaisa, Muhammad Yahya Khan said, "Easypaisa and Bank Alfalah have a shared vision of promoting financial inclusion in the country. Easypaisa believes in interoperability for the convenience of all customers and this deal is testimony to our belief that branchless and branch banking services complement each other through product sets, use of Biometric technology and distribution footprint."-PR
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