Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize money orders service at Pakistan Post. Under the agreement, Karandaaz Pakistan will provide technical support in designing a new product 'mobile money order' from conceptualization to deployment at Pakistan Post.
The agreement was signed between Fakir Syed Shaharyaruddin, DG Pakistan Post and Ali Sarfraz Hussain, CEO Karandaaz Pakistan at a ceremony held in Islamabad. Khalid Masood Chaudhry, Secretary Communications and Dr Louise Walker, Group Head Economic Growth, Department for International Development (UKAid) co-chaired the ceremony. Karandaaz team's technical knowledge and its funding support will assist Pakistan Post in the identification of managerial and technical requirements for the new service and will strategize and develop a complete business plan. The project is envisioned to improve Pakistan Post's service penetration and also create new revenue streams.
Speaking at the occasion, DG Pakistan Post said that this project would help improving Pakistan Post's service channel penetration from 6.5 to 30 per 100,000 persons by 2020 and offer a new portfolio of financial services via the digital platform.-PR