Zong Telecom and Askari Bank launches ‘Timepey’ branchless banking

Zong Telecom and Askari Bank launches ‘Timepey’ branchless banking, mobile account

Timepey Money Transfer

Timepey Mobile Account

Timepey Bill Payment

Islamabad (Saturday, November 1, 2012) – Zong Telecom, the country’s fastest growing cellular network and Askari Bank Limited on Friday announced the launch of ‘Timepey’, a technology-based branchless banking service that will make available a range of banking services to just about everyone, with remarkable convenience and efficiency.

Timepey logo

Aimed particularly at the over 90 percent Pakistanis who do not have bank accounts, Timepey is set to give a new meaning altogether to financial inclusion. Timepey users will be able to pay utility bills, transfer money to specified recipients anywhere in the country, deposit and withdraw cash and carry out account transfers.

User convenience has been kept as the foremost consideration in developing this new service. Users do not have to be Zong customers or even be mobile phone subscribers. As such the service offers complete flexibility to anyone who wishes to avail essential financial services without the need to open a bank account.

Speaking at the launching event, Zong CEO Fan Yunjun said, “The launch of the Timepey branchless banking service is truly a major development that will benefit millions of people.”

Askari Bank Limited President and Chairman M R Mehkari said, “We are proud to have partnered with Zong, the first international venture of China Mobile, for Timepey branchless banking programme.”

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