ISLAMABAD: Ufone and Meezan Bank have formed a strategic partnership to launch Meezan-Upaisa, world’s first Islamic branchless banking solution, TheNewsTribe.com reported,
With the launch of Meezan-UPaisa, customers across Pakistan would now, for the first time, be able to send and receive money, pay utility bills and do mobile top ups through Islamic banking.
“With UPaisa being at the forefront in providing branchless banking services with its collaborations at various levels andMeezan Bank holding over 50% of the Islamic banking share in Pakistan, this partnership is poised to go a long way in opening new opportunities.” He added.
It is pertinent to mention here that this partnership would expand the Islamic system footprint to its maximum potential and facilitate customers to avail branchless banking services with utmost ease and convenience under Islamic system. This would be the first milestone in the ambit of Islamic Branchless Banking, in banking industry.
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