BoP Zong  Inov8 Press Release

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


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Published by Business Recorder on Sunday, June 22, 2014

ISLAMABAD: The Bank of Punjab, 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 neighbourhood 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 two 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.


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Published by Pakistan Observer on Sunday, June 22, 2014

Sunday, June 22, 2014 – Karachi—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. Speaking at the occasion Mr. Naeemuddin Khan said “The Bank of Punjab is pleased to sign MoU with Zong and Inov8 Limited to extend financial services to the grass root level of the population. This initiative will not only bring prosperity to the region but also help the underprivileged to enjoy financial services at their doorstep.” Continue reading


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Published by The News International on Sunday, June 22, 2014

Islamabad: 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. Continue reading


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Published by The News International on May 1, 2014

KARACHI: JS Bank Limited (JSBL) and Inov8 Limited (i8) have signed an agreement for the implementation of a Branchless Banking (BB) and Mobile Financial Services (MFS) solution. JS Bank plans to enter into the branchless banking domain of the countryby developing a large agent networkby partnering with network providers, telecom and other companies to deliver a unique set of transactions and services that are currently not available to the un-banked segment of our society.

On the occasion, JSBL’ President, Khalid Imran, said, “I believe that the mobile technology has become an extremely important mass outreach platform for the delivery of banking services, worldwide and in Pakistan. JSBL wishes to play a significant role in this domain in the futureand plans to reach a large under-banked segment, by enablinga set of new and desired services for this market. We are happy to be partnering with Inov8, in this strategic initiative.”**


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