Mobilink Microfinance Bank Limited (MMBL) has partnered with Paysys Labs to launch their mobile and internet banking platform on a quest to meet its customers ‘ business needs. The mobile banking application will be accessible on both iOS and Android devices and will connect all MMBL customers to the ecosystem of digital banking.
Paysys will also allow MMBL for the Micro Payment Gateway Initiative of the State Bank, using OPEN CONNECT (MPG MODULE), as part of this agreement. Recently, SBP launched the Micro Payment Gateway to develop the country’s payment infrastructure by integrating digital financial services, reducing reliance on cash, enabling instant payments and driving financial inclusion in Pakistan.
Speaking on the occasion, President & CEO of the bank, Mr. Ghazanfar Azzam said;
“Mobilink Bank has been striving hard to empower customers and improve their experience by optimizing use of digital technologies. With this intention, we are excited to partner with Paysys to relaunch our Mobile App & Internet Banking services. This will bring a paradigm shift in reducing customer footfall at branches and will set new benchmarks for the entire industry.”
Mr. Faisal Mahmood, Chief Digital & Technology Officer MMBL sharing his views on the event stated,
“Considering the drive towards digitalization, Mobile App becomes center of gravity to promote the digital services and penetrate into urban/rural segments, through this technology our valuable customers will have access to all their financial/non-financial needs. Since, most of the customers have smart phone making it a vessel and MMBL partnering up with the Paysys will open new venues, augment and will mature the digital banking eco system.”
Talking on the occasion, Mr. Ali Abbas Sikander, Chairman, Paysys Labs stated,
“In keeping up with rapidly changing customer and market needs as the digital economy evolves, Paysys is delighted to join hands with Mobilink Microfinance Bank to offer global standard based digital banking solution to its customers. The platform will offer bank’s savings and loan customers an exceptional and unparalleled product and user experience”.
In addition, OPEN DIGITAL Platform will allow MMBL customers to enjoy remarkable personalized banking experience added with some unique and new features set, such as digital term deposits and instant Pay2Fone transfers.
Mr. Karim Jindani, Chief Executive Officer was also present on the occasion. He stated,
“Paysys Labs looks forward to working as a strategic partner with Mobilink Microfinance Bank. The digital banking solution is the first step in an exciting journey and we look forward to co-create innovative services with the bank on the basis of a robust and secure platform. Paysys will be using it’s Open Connect platform which will enable Mobilink Microfinance Bank to integrate with national level payment systems such as MPG and 1LINK and offer the latest services.”
