Pakistan Post, a state department, has announced the launch of Electronic Money Order service that will allow the masses to transfer funds up to Rs. 100,000 in matter of seconds.
Conventional money order service used to take few days for delivery however this new revamped service from Pakistan Post is said to be as quick as any other mobile banking solutions, such as EasyPaisa or UBL Omni.
Pakistan Post’s Electronic Money Order service is started as a pilot project in eleven cities (mentioned below) involving 17 GPOs (General Post Offices), where individuals can send and receive their payments instantly. It is said that service will be stretched to more cities in coming time.
Pakistan Post, which operates with losses in terms of business, was previously partnering with Mobilink for a similar kind of service where it used mobile phones for instant transferring of funds. But now, reportedly, Pakistan Post will use internet for immediate transfer of money.
Pakistan Post website isn’t displaying any information, as of now at least, on this new service, however, an advert appearing in various newspapers today details about the service charges, which are as below:
|Amount of Money Order||Service Charges|
|up to Rs. 2,000||Rs. 50|
|From Rs. 2,000 and up to Rs. 5,000||Rs. 100|
|From Rs. 5,001 and up to Rs. 10,000||Rs. 200|
|From Rs. 10,001 and up to Rs. 15,000||Rs. 250|
|From Rs. 15,001 and up to Rs. 20,000||Rs. 350|
|From Rs. 20,001 and up to Rs. 30,000||Rs. 400|
|From Rs. 30,001 and up to Rs. 40,000||Rs. 450|
|From Rs. 40,001 and up to Rs. 50,000||Rs. 500|
|From Rs. 50,001 and up to Rs. 100,000||Rs. 600|
These charges are including taxes and there are no additional charges for the transactions. Moreover, there is no monthly limit on transactions, unlike EasyPaisa.
Electronic Money Order Service is Offered in Following GPOs:
- Karachi GPO
- Karachi City GPO
- Karachi Saddar GPO
- Karachi Korangi GPO
- Karachi Al-Hyderi GPO
- Karachi New Town GPO
- Lahore GPO
- Lahore Cantt GPO
- Islamabad GPO
- Rawalpindi GPO
- Faisalabad GPO
- Muzaffarabad GPO
- Sialkot GPO
- Quetta GPO
- Hyderabad GPO
- Peshawar GPO
- Multan GPO