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Orascom Telecom Holding-owned Pakistan’s mobile operator, Mobilink, has launched a mobile banking services in association with Citibank, under an arrangement endorsed by the State Bank of Pakistan.
The new service allows customers to maintain their accounts through their phones and make secure peer to peer money transfers to any Mobilink via SMS. And that’s only a start. In the future, Mobilink hopes to offer users ability to avail and repay loans, purchase goods and services, pay bills, buy airtime and a host of other services.
For the record, earlier this year, Mobilink launched the Mobile Money Order (MMO) service in partnership with Pakistan Post, allowing users in 37 cities (73 outlets) to have access to the benefits of m-commerce.
Commenting on the announcement, Naguib Sawiris, Chairman and CEO of OTH said, “Offering access to financial services via a mobile connection is a project that has been very close to my heart for a long time. The case for mobile financial services is particularly strong in emerging markets where penetration of the financial sector is quite low… Mobilink continues to lead the local telecom industry by exploring new and innovative frontiers.”
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
