ISLAMABAD
\nPakistan\u2019s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed an agreement with Virtual Remittance Gateway (VRG), a veteran mobile financial services platform for banking customers, and Pakistan\u2019s only commercial licensed Third-Party Service Provider (TPSP).
\nUnder this partnership, MMBL\u2019s non-smartphone users will be able to use their bank accounts via Unstructured Supplementary Service Data (USSD) Channels. USSD is a widely accepted channel by customers for buying mobile bundles and checking prepaid balance amounts.
\nVRG, through its technical expertise, has embarked on enabling MMBL\u2019s USSD channels, allowing MMBLs customers to use banking services 24\/7 on their phones, that do not have 3G, 4G, WiFi, or Internet connections. With the help of USSD Channels, MMBL\u2019s non-smartphone users will be able to check their bank balance, bank statement, transfer funds, pay utility bills, and recharge their mobile phone accounts without data or internet connection. The initiative will initially be piloted for a month\u2019s period, followed by a commercial launch in January 2022.
\nSharing his thoughts about the partnership, Ghazanfar Azzam, President & CEO MMBL said, \u201cWe are committed to expanding our financial services to a wider pool of customers by targeting the underserved segments of the society.
\nOver the years, MMBL has successfully been able to reach millions of customers across Pakistan through its wide array of innovative products and services specifically tailored to promote financial inclusion for all. With VRG\u2019s partnership, MMBL plans to revolutionize Pakistan\u2019s banking sector by bridging the financial gap and eradicating all barriers to access digital financial services.\u201d
\nChief Finance & Digital Officer MMBL, Sardar Mohammad Abubakr said, \u201cMMBL is dedicated to uplift the unbanked and underserved segments, particularly SMEs and women-led businesses, by providing them access to financial services through its expansive digital financial ecosystem.
\nThrough this partnership, we strive to accelerate further growth by merging USSD Channels with our tailored products and services that will not only enable individuals at a wider scale but will give them a chance to contribute positively to Pakistan\u2019s digital financial ecosystem as well.\u201d
\nSpeaking at the occasion, Muhammad Salman Ali, CEO VRG said, \u201cCustomer centricity is at the heart of banking and this collaboration is a significant step towards digital banking making its impact bigger on customer experience across business segments.
\nProviding Unified USSD service to access banking will not only enhance the customer experience but also augment MMBL\u2019s digital footprint to reach customers who were previously out of the digital banking net.\u201d
\nMobilink Microfinance Bank is committed to leading digital banking initiatives across the country. The bank is promoting financial inclusion by providing innovative, convenient, and accessible digital financial solutions to the masses.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Pakistan\u2019s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed an agreement with Virtual Remittance Gateway (VRG), a veteran mobile financial services platform for banking customers, and Pakistan\u2019s only commercial licensed Third-Party Service Provider (TPSP). Under this partnership, MMBL\u2019s non-smartphone users will be able to use their bank accounts via Unstructured Supplementary Service […]<\/p>\n","protected":false},"author":2,"featured_media":231856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1480,1482,1481,1479],"class_list":{"0":"post-231844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-customers","9":"tag-mmbl","10":"tag-partners","11":"tag-ussd"},"yoast_head":"\n