SCO, Bank Alfalah Step into Branchless Banking

Special Communications Organization (SCO) has partnered with Bank Alfalah to make its entry into the branchless banking system.

The product in the name of S-Paisa will soon be launched for the people of Azad Jammu & Kashmir and Gilgit -Baltistan.

With the launch of S-Paisa, people across Azad Jammu & Kashmir and Gilgit- Baltistan would now, be able to send and receive money, pay utility bills and do mobile top ups.

SCO that development is in line with Govt policy of financial inclusion of un-served and underserved area. The initiative aims to serve 6 million people of the region and is expected to have positive socio economic effects on the populace.

sco_alfalah

The contract signing ceremony was attended by Maj Gen Amir Azeem Bajwa, DG SCO and MS. Mehreen Ahmed Group Head from Bank Alfalah.


  • God Bless Special Communications Organization (SCO) and its partner Bank Alfalah and hope successful business in the field of branchless banking.

    During 2012 HBL Express was also launched optimistically but within four years of its sluggish operation it has been grounded and given billions of rupee loss as operating cost loss to its business partners. It is worth to mention that 144 selected business partners were asked to build their franchise offices as per given BOQ that cost each business partner 500,000 to one million rupee and more than two million rupee operating cost during four years and still all franchises are stands still and HBL Management action is still awaited but entire management not listing poor business partners. Point to be noted that 70% of its management has quit their jobs (project failure). Furthermore, State Bank of Pakistan being the regulatory authority is also not taken any action against HBL that made fraud with the 144 business partners.
    Is there any justice in this Islamic country or might is right………………..

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