Islamabad
BOK signs agreement with WebDNA for establishment of a Joint venture where WebDNA will install white label ATMs (cash1) across Pakistan. In this regard a signing ceremony took place in Islamabad where BOK was represented by Mr. Muhammad Ali Gulfaraz MD & CEO while WebDNA was represented by its CEO Mr. Qamar Abbas.
WPL has been issued license by SBP to operate white label (Cash1) ATM network in Pakistan and in this regard they have teamed up with BOK for a joint venture to expand ATM network for BOK and member banks’ customers.
In this joint venture , WebDNA will deploy ATMs in 2023 on different offsite/onsite locations by the brand name of “Cash1” powered by Bank of Khyber
Speaking on the occasion MD & CEO BOK, “We are delighted to announce recent partnership with webDNA to facilitate our customers, in line with our vision, we are constantly making efforts and taking initiatives to become the most innovative and customer-centric bank in Pakistan.
In due time we will announce more such partnerships to extend our boundaries and offer ease to our customers. We at BOK are committed towards providing premium value added services and offering the best financial solutions to our customers”.
CEO WebDNA Qamar Abbas shared his perspective at the event “WebDNA wants to actively play a role facilitate customers across Pakistan. With Partnerships like these WebDNA will be able to provide easy, accessibility and opportunity for customers which will contribute to the economy of Pakistan”
WebDNA Works (Pvt.) Limited (WPL):
WPL was established in 2003, WPL is the pioneer of the Independent ATM Deployment (IAD) Model in Pakistan and currently the sole operator of this model in the country.
The Company specializes in the investment, ownership, installation & maintenance of ATMs in order to promote the ‘Bank in a Box’ based payments solution for the convenience of banking customers & general public.
WPL has been awarded with Payment System Operator and Payment Service Provider (PSO/PSP) License by State Bank of Pakistan.
Deployment, maintenance, and monitoring of ATMs across the country with First Line Maintenance (FLM) and Second Line Maintenance (SLM)
Ex-stock availability of ATMs
Bank of Khyber:
Bank of Khyber, a banking company established under the Bank of Khyber Act passed by the Provincial Legislative Assembly duly incorporated under the laws of the Islamic Republic of Pakistan, having its registered office at 24- The Mall, Peshawar Cantt, Khyber Pakhtunkhwa, Islamic Republic of Pakistan.
The Bank enjoys a unique position and stands out amidst other banks operating within Pakistan and has the privilege of being bracketed amongst the only six government banks in the country.
The bank has long been associated with business and commercial circles and has been actively engaged in catering to the financial needs of all sectors. It has successfully been involved in extending funded and non-funded facilities to its customers for various business needs.
Today, BOK is an “A-1” rated commercial bank, operating across the country with a network of 240+ branches/Sub branches and still expanding. The provincial government is the major stakeholder and during our 25+ years’ history, the Bank has always played a vital role in the development of Khyber Pakhtunkhwa in particular and participated in the economic development of Pakistan in general. For more information, visit www.bok.com.pk
