Allied Bank and Mobilink signs a partnership to promote financial inclusion

Lahore : Allied Bank, the fourth largest private sector commercial bank in Pakistan with a branch network of over 1,050 branches and Mobilink, the nation’s largest Mobile Network Operator with over 35M subscribers have announced a partnership to promote financial inclusion through enabling of JazzCash domestic remittance services for ABL to mutually serve customers of Allied Bank and Mobilink Microfinance Bank.

The domestic remittance service will enable ABL customers to initiate domestic remittance transaction at an ABL Branch or using available Digital Banking Channel and the beneficiaries of JazzCash can collect the proceeds from any ABL branch in addition to 60K+ JazzCash agent locations throughout Pakistan.

Jeffrey Hedberg, President  & CEO – Mobilink, on his visit to Allied Bank head office at Lahore, said, “JazzCash is continuously expanding its footprint to reach out with a portfolio of services which bring convenience to the lives of our customers. We are absolutely delighted to partner with Allied Bank as we jointly advance our ambition to build sustainable bridges between the unbanked and banked population across the communities of Pakistan.”

Speaking on the occasion, Mr. Tariq Mahmood, President & CEO ABL said, “We are excited to collaborate with an experienced partner like Mobilink to launch domestic remittance to usher in the branchless banking services and for furthering the national financial inclusion agenda. This synergy besides improving access to financial services for unbanked segments of the society will establish a direct/ straight through processing of flow of funds from already banked customers to unbanked groups and in bringing them closer to mainstream banking channel.”