Dubai Islamic Bank & Zing Digital Commerce Sign Agreement for a Branchless Banking Service

Dubai Islamic Bank Pakistan & Zing Digital Commerce signed an agreement for deployment of Branchless Banking platform. This agreement will pave the way for Digitization of Banking products to enable the Bank to offer variety of products to the unbanked and the under banked segments of the country.

With this agreement Dubai Islamic Bank will partner with ZING Digital Commerce who have developed a comprehensive Branchless Banking platform, in collaboration with its Chinese Technology Partner i.e. Shanghai F-Road. This alliance shall fulfill DIBP’s vision to offer quality financial services at grass root level with convenience and reliability at customer’s door step.

Speaking on the occasion. CEO Dubai Islamic Bank Pakistan Mr. Junaid Ahmed, said that “This agreement would trigger a start for Digitization of Banking Products to offer an array of products mainly to the unbanked population and in line with SBP’s strategy for Financial Inclusion. It is also to be highlighted that SBP has provided an enabling framework for the Bank’s to tap the huge potential of the unbanked economy which will be a major contributor for economic growth”.

Mr. Ghazanfar Ali Khan, Founder & CEO ZING Digital Commerce, added that ZING is working to sprout revolutionary Fintech solutions developed in collaboration with Chinese technology partner (Shanghai F-Road) in Pakistan. Shanghai F-Road Commercial Services Co., Ltd. is serving 1,300 + banks in 24 provinces of China. With this solution, ZING Digital Commerce aims to gear up Dubai Islamic Bank Pakistan with seamless Branchless Banking platform. We are honored to leverage our expertise in partnering with Dubai Islamic Bank for implementation of its Digital Banking roadmap”.

Ltd feature videos

Watch more at LTD