Inov8 – Official Release
Islamabad, June 22 2014: BOP, Zong and Inov8 signed an MOU to announce their partnership for digitizing government flows via the branchless channel.
Branchless Banking is the provision of financial services through neighborhood retail shops whereby the financial services are offered to the unbanked population at their doorsteps. This is a first of its kind arrangement wherein service providers with existing market experience are coming together to provide the services which are aimed at poverty alleviation and financial inclusion of the under privileged masses.
There are 2 areas to focus for successful implementation: i) The Technology ii) The Agent Network (distribution side). BoP has entered into an MoU with Zong and Inov8 as both organizations have local market presence, expertise and existing experience which they aim to bring together to build synergies for best service offering. Continue reading
Tags: mcommerce consulting, mobile commerce, Visa debit cards, telcos, ecosystem, technology, Branchless Channel, Pakistan, Bank of Punjab, next generation Mobile Financial Services, The Bank of Punjab, network, The News, mobile banking, multi-channel mobile banking, MFS services, branchless banking, Islamic bank, Bashir A. sheikh, smart phones, zong, ATMs, inov8, Hasnain A. Sheikh, The Technology, The Agent Network, value-added services, Digitizing Government flows, i8, financial services