Meezan Bank signs agreement with Inov8 for next generation Mobile Financial Services (MFS)

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Seen in the picture (from Left to Right): Mr. Bashir Sheikh – President, Inov8, Mr. Farooq Sikander – Executive Consultant, Mr. Hasnain A. Sheikh - Chairman & CEO, Inov8, Mr. Mohammad Mohiuddin – PM Mobile Banking, Meezan Bank, Mr. Ariful Islam – Deputy CEO, Meezan Bank, Mr. Omer Salimullah – National Manager  ADC, Meezan Bank and Mr. Faizur Rehman – Group Head Information Technology, Meezan Bank

Inov8 – Official Release

logo_meezan_bank Karachi: May 07, 2014: Pakistan’s first and largest Islamic bank, Meezan Bank (MBL) and one of the region’s fastest growing mobile financial services (MFS) technology company, Inov8 Limited (i8) have entered into an agreement for implementation of a next generation suite of MFS services.  Meezan Bank will provide a unique set of multi-channel mobile banking services and smart phone applications with social media integration which is a first in Pakistan, to its fast growing branch and customer base.

Commenting on the occasion, Meezan Bank’s Deputy CEO- Mr. Ariful Islam said, “The MFS ecosystem, especially with the advent of 3G/4G and proliferation of smart phones, will play an ever increasing role as a dominant delivery channel for banking services.  Meezan Bank will, Inshallah, be an industry leader in this domain by offering an array of exciting, value-added services.”

Inov8’s Chairman and CEO, Hasnain A. Sheikh said, “We are delighted to be partnering withMeezan,Pakistan’s largest and leading Islamic bank.  They will be using our socially integrated next generation mobile financial services platform to offer a new array of products and services.”

About Meezan Bank:

Meezan Bank is the 8th largest bank in Pakistan in terms of branch network and 10th largest in terms of deposits. The bank provides a comprehensive range of Islamic banking products and services through a retail banking network of 351 branches in 103 cities, supported by a countrywide network of over 300 ATMs, Visa debit cards, a 24/7 Call Center and internet banking facility. Meezan Bank has been consistently recognized as the Best Islamic bank in Pakistan by numerous local and international institutions.

For more details, visit Meezan Bank’s website: ww.meezanbank.com

About Inov8 Limited 

Inov8 Limited, setup in 2004, is Pakistan’s first mobile financial services (MFS) solution provider, and has grown to become the leading partner to banks and telcos, both locally and internationally. Inov8 offers a host of next generation products designed to address all facets of the mobile based financial services and Commerce value chains.

For more details, visit Innov8 website: http://www.inov8.com.pk/


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