Pakistan Post, UBL Sign MOU For Effective Branchless Money Transfer

Pakistan Post and United Bank Limited (UBL) Omni signed a Memorandum of Understanding (MOU) on Thursday enabling Post Offices to deliver financial services across rural areas

ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Jan, 2018 ) :Pakistan Post and United Bank Limited (UBL) Omni signed a Memorandum of Understanding (MOU) on Thursday enabling Post Offices to deliver financial services across rural areas.

The signing ceremony was chaired by Federal Secretary Postal Services Saqib Aziz here at ECO Postal Staff College. Director General Pakistan Post Rubbina Tayyab and President CEO UBL Ms. Sima Kamil and other senior officials were also present on the occasion.

Addressing the ceremony, Secretary Postal Services Saqib Aziz said that Ministry of Postal Services have initiated various projects to make Pakistan Post a vibrant public service department under the Reforms Agenda approved by the Prime Minister to modernize the postal services through launching of mobile money transfer and Pakistan Post logistics company.

He said that Pakistan Post is proud to have its presence in 85% rural areas of the country. He said that this is historical achievement of Pakistan Post to join hands with UBL to introduce branchless banking network for the customers.

Director General Pakistan Post Rubbina Tayyab said that financial inclusion is the demand of the modern postal users and Pakistan Post join hands with UBL to provide branchless banking services to the masses across the country.

She said that through this collaboration with UBL will enhance the customer�s experiences at post offices by providing them multiple financial services including remittance, mobile account opening, interbank fund transfer cash deposit/ withdrawal for UBL account holders, Pakistan Railway ticket, the network of UBL Omni alliance will be extended to all the Post offices in the country Rubbina Tayyab said that will become UBL Omni Super-agent, initially in pilot phase with domestic remittances at selected locations in Southern Punjan, Northern Punjab, Balochistan, Rawalpindi, Lahore and metropolitan Karachi.

DG Pakistan Post said that upon the success of this project, the network of UBL Omni will be extended to all the Post offices in the country. Speaking on the occasion President UBL Sima Kamil said that our partnership with Pakistan Post enables us to remotely serve a large customer base across the country.

She expressed confidence that this UBL and Pakistan Post partnership will augment our national financial inclusion initiatives. World Postal Industry is at a turning point owing to digital revolution and the rise of financial inclusion strategy on the global landscape.

Pakistan Post is exploring new opportunities hand in hand with Private Sector to meet the increasing demands of the customers for extension of most effective transfer of money through branchless network and mobile money transfer solutions.