WMBL to launch branchless banking with Mobilink

Lahore Waseela micro finance bank has announced the commencement of commercial operations for branchless banking in Pakistan in partnership with Mobilink.

after approval from state bank of pakistan they re going to launch the mobile financial service with collaboration of Mobilink .Aim is to provide more financial products and benefits at individual level including which include Cash Deposit & Withdrawal, Fund Transfer from Account to Account and Person to Person, Mobilink Top Ups and Utility Bill Payment amongst other services.

Mobilink is first choice because of such vast network in Pakistan covering over 36 million Pakistanis provides the most accessible and reliable platform to offer WMBL’s range of innovative mobile financial services.

Rashid Khan, Chairman, Waseela Microfinance Bank Limited, highlighted,:
“About 12% of the adult population of Pakistan has access to formal financial services. Waseela and Mobilink share the vision of becoming a market leader in mobile micro financial services offering simple, innovative and value added products and services.I want to thank the State Bank of Pakistan (SBP) for acting as a progressive and supportive central bank and creating an enabling environment for the holistic growth of microfinance in Pakistan.”