UBL Funds, 1LINK Sign Agreement To Facilitate Online Investment In
Muhammad Rameez Published February 02, 2017 | 08:00 PM
ISLAMABAD, Feb 2 (UrduPoint / Pakistan Point News - 02nd Feb, 2017 ) : UBL Fund Managers Limited (UBL Funds) has signed an agreement with 1LINK (Guarantee) Limited (1LINk), the largest banking Switch in Pakistan, to facilitate investors through the launch of `UBL Funds-Online Investment' facility.
Under this partnership, UBL Funds is enabled at 1LINKthrough which UBL Funds' investors can avail digital payment services over a period of time through 1LINKmember banks, according to press release issued here Thursday.
UBL Funds' Online Investment facility caters to investors who want to make subsequent investments online. Currently, the banks that have enabled UBL Funds' Online Investment facility on 1LINK are United Bank Limited, Bank Al-Habib Limited, Habib Metropolitan Bank Limited, FINCA Microfinance Bank Limited, Summit Bank and more banks being added subsequently.
On the, UBL Funds' CEO, Mr. Yasir Qadri, termed this partnership as a "turning point for UBL Funds and how our customers invest with us." "With this strategic partnership, we aim to expand our scope of services for our valued customers.
This will not only provide them convenience in terms of time and place, but will also further ease the process of investment," he added. Commenting on the agreement, Najeeb Agrawalla, CEO of 1Link Guarantee Limited expressed the hope that with the increasing interest of consumers in the mutual funds industry, this partnership will open more avenues for both of the organizations to work mutually in strengthening the investment culture in Pakistan.
Under this facility, UBL Funds online users or mobile users need to generate a reference number which will be utilized for online transactions along with other relevant details. Once the investment account is made, making additional investments is very simple and efficient, with just a few clicks.
The launch of UBL Funds Online Investment facility is in line with the company-wide Go Green initiative. In order to drive paperless means, UBL Funds has shifted focus onto technological innovation.
Online access, SMS, recorded telephone services, and ATMs are also among the modes of convenient, paperless investing that clients enjoy. UBL Funds also recently launched the first Mobile Application in the AMC industry, allowing clients to view their investment portfolios and transact on-the-go.
Not only does this make transacting easier, but it also has the added benefit of reducing carbon footprint, allowing for more environment-friendly, paperless, at-your-fingertips avenues to invest.
Related Topics
Recent Stories
European companies show interest in investing in Pakistan’s IT sector
Nominations for three governors'posts; check details here
PML-N to hold meeting today on wheat procurement
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 4 May 2024
Today Gold Rate in Pakistan 04 May 2024
Pakistan marks World Press Freedom Day
High-level Saudi business delegation due on May 5
Stocks heat up as US labour market cools
President approves Tax Laws (Amendment) Bill 2024
Implementation of merit, justice to oppressed segments top priorities: CPO
Overseas Kashmir community delegation calls on AJK President, discusses latest s ..
Govt believes in freedom of press: Amir Muqam
More Stories From Business
-
Equipping with essential skills vital for economic growth: Ahsan Iqbal
7 minutes ago -
Gold rates dip by Rs.1,600 per tola to Rs. 238,000
37 minutes ago -
Jam Kamal holds meeting to tackle border area challenges
37 minutes ago -
China's fixed-asset transport investment hits 712.5 bln yuan in Q1
1 hour ago -
China's fixed-asset transport investment hits 712.5 bln yuan in Q1
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 4 May 2024
6 hours ago
-
Today Gold Rate in Pakistan 04 May 2024
7 hours ago -
CCP approves scheme of arrangement for restructuring of PIACL
16 hours ago -
High-level Saudi business delegation due on May 5
17 hours ago -
Stocks heat up as US labour market cools
17 hours ago -
Planning minister stresses need for establishing digital corridor
18 hours ago -
Burj Solar install Pakistan´s first distributed generation Wind Power project
18 hours ago