Ufone – Meezan Bank Launches Islamic Branchless Banking Service in Pakistan
Ufone and Meezan Bank have partnership to launch Meezan-Upaisa which is the 1st ever Islamic branchless banking solution in world.
The President and CEO at Ufone, Mr. Abdul Aziz, expressed his feelings regarding this novel initiative and said,
With this new partnership, we intend to make the most of both parties’ strengths – Meezan Bank’s proficiency in Islamic Banking and UPaisa’s geographic foot print to facilitate customers, making it a win-win situation for all. With UPaisa being at the forefront in providing branchless banking services with its collaborations at a variety of levels and Meezan Bank holding over 50% of the Islamic banking share in Pakistan, this joint venture is poised to go an extended way in opening innovative opportunities.
The launch of Meezan-UPaisa allows multiple benefits for the first time in Pakistan to its customers that include:
- Send and receive money.
- Pay utility bills.
- Do mobile top ups through Islamic banking.
- Wider array of Islamic financial services.
The President and CEO at Meezan Bank, Mr. Irfan Siddiqui also shared words and said,
Meezan Bank has played a very important responsibility in escalating access to Islamic financial services in Pakistan. This proposal is poised to pick up the pace of financial inclusion by adding expediency and greater dependability, deepening the function of Ufone in the course of enhancing the worth it provides to its customers and that of Meezan Bank in expanding the reach of Islamic financial services to all citizens of Pakistan. We think that we are currently one step closer to our visualization of establishing ‘Islamic banking as banking of first choice’ by serving more than 60 million users – consequently taking Islamic banking in the country to the next level.
Also check the details of UPaisa Debit Card that brings free transactions at Meezan bank ATMs.