Zong Telecom gets Branchless Banking License from SBP

Zong gets Branchless Banking License from State Bank of Pakistan

Karachi (Monday, November 19, 2012) – Zong Telecom is Pakistan emerging mobile cellualr service provider.

State Bank of Pakistan (SBP) has issued branchless banking license to Zong and Askari Bank.

Zong in collaboration with Askari Bank will be launching a complete branchless banking solution including wide spectrum of services like mobile account, money transfers, utility bill payment etc.

Zong and Askari entered into a pilot project on May 22, 2012, which went under SBP audit in mid September 2012 and license to launch a complete branchless banking portfolio was given.

The product will include all of the branchless banking services that Zong is going to offer, in addition to innovative services like salary disbursements.

Leave a Reply