Digitalization Of Banking Promoted Through Innovative Scheme

KARACHI, (UrduPoint / Pakistan Point News - 30th May, 2017 ) : Bank Alfalah Limited, in continuation of its efforts to digitize the country's financial services landscape and promote financial inclusion has partnered with C Square Consulting to install self-service banking kiosks.

Bank officials here on Tuesday said using the IntellekT kiosks, anyone can open a Bank Alfalah digital/wallet account powered by UnionPay Debit Card within merely three minutes. All that is needed for processing is the person's CNIC number, they said mentioning that the IntellekT kiosks bring innovative hardware and software functionality that enables the opening of accounts, through both self-service and/or Video Assisted technologies.

It was said to also use biometrics authentication from NADRA for customer validation and KYC as per regulatory guidelines. The kiosk, in addition to instant wallet opening, also offers other services including provisioning of instant issuance of BAFL UnionPay debit card for an associated wallet account, cash deposit, PIN generation and activation, funds transfer, bill payments and much more.

At Bank Alfalah our digital strategy revolves around working with partners that can help our bank launch innovative products and services, said Mehreen Ahmed, Group Head - Retail South & New Initiatives, Bank Alfalah.