HBL moves into branchless banking
HBL signing ceremony of branchless banking Habib Bank Ltd. (HBL) , the largest branch network with more than 1450 branches nationawide and presence in more than 25 countries around the globe, ready to move into the branchless banking in Pakistan with the collaboration of Ufone , Sybase 365 , and AbacusConsulting by 2012. HBL sources suggests that they have invested millions of rupees in the pipeline to step into branchless banking in Pakistan, which will crea te healthy competition among the other existing operators of branchless banking in Pakistan. Currently EasyPaisa , joint venture of Telenor Pakistan and Tameer Bank ; UBL Omni , a venture of United Bank Ltd. (UBL) ; NADRA's E-Sahaulat , a joint venture of Mobilink and NADRA are working in the industry. Moreover, MCB Bank Ltd . with the collaboration of Nokia and Bank Al-Falah with collaboration of Warid got the liscence of branchless banking f...