Warid Launches its Financial Services: Mobile Paisa

Warid Telecom and Bank Alfalah Limited have launched their Mobile Financial Service (MFS) by the name of ‘Mobile Paisa’.

The soft launch of ‘Mobile Paisa’ has been announced with the tagline “Chalta Rahey Pakistan”.

Warid Telecom and Bank Alfalah aims to serve the unbanked population of Pakistan with their banking needs.

Monet (Pvt.) Limited is the technology provider for the Mobile Paisa, that has partnered with Fundamo – a global mobile platform provider, to utilize its technology and offer branchless banking solutions to banks in Pakistan.

Warid Telecom and Bank Alfalah acquire license for Mobile Financial Services

Warid Telecom will soon launch its mobile financial service in collaboration with Bank Alfalah Limited. Bank Alfalah Limited has been granted the license by State Bank of Pakistan to operate its branchless banking services and Warid Telecom is facilitating the bank with its wide network cellular coverage.

Warid and Bank Alfalah’s joint mobile financial services aim to provide convenient financial solutions to all segments of the society. This latest service will provide unbanked customers with a secure channel for money transfer and utility bill payments.