Skip to main content

Khushhali Microfinance Bank launches USSD Banking for remote-monitoring of accounts

               

It enables phone-users to remotely monitor their Khushhali bank accounts

Khushhali Microfinance Bank Limited (KMBL) - a leading financial institution in Pakistan, has pioneered another technological advancement to add convenience for its customers, with a mobile-banking solution. This state-of-the-art digital tool enables ‘remote-monitoring’ of your KMBL account, even if the account-holder uses a basic ‘Feature-Phone’. The customers do not need to own a smartphone for using this new service, which is based on a secured ‘Unstructured Supplementary Service Data’ (USSD) channel, to ensure accessibility without the need to physically visit a bank-branch or owning a smart phone.

In the first phase of this innovative venture, all the KMBL customers using Zong, Ufone and Jazz/Warid telecom services will be able to avail the Khushhali USSD Mobile Banking, simply by dialing *8226#. During the initial phase, this solution will offer basic features like: Loan-Account Inquiry, and Account Balance Inquiry for the Current and Saving Accounts.

The President of KMBL - Ghalib Nishtar stated that: “Introduction of this revolutionary service is another milestone in KMBL’s journey towards digital-transformation. Following our vision, we strive to offer highly evolved banking services, on-the-go, round-the-clock, while we are striving to resolve the socio-economic challenges and financial-security issues faced by the masses, especially during the global Covid-19 pandemic. This venture is in line with global best-practices and the vision of State Bank of Pakistan (SBP), to enable online access to banking for the consumers.”

KMBL’s technology-partner for this project is: “Virtual Remittance Gateway (Private) Limited'' (VRG) – a TPSP company, duly licensed by SBP and Pakistan Telecommunications Authority (PTA), to perform ‘Interoperable-Payments’, along with channeling, routing and switching of electronic-transactions, using Unified USSD service. 

Being one of the most resourceful institutions in Pakistan - KMBL is evolving in sync with the highly competitive banking industry of the country. It is deploying the latest mobile-banking solutions, in compliance with the government’s favorable policies, to inspire and elevate the nation at par with the developed world.


Comments

Post a Comment

Popular posts from this blog

LONGi Pakistan's Ramadan Initiative Illuminates Communities in Pakistan

As part of its ongoing commitment to social responsibility and community welfare, LONGi Pakistan, a leading Solar Technology Company, has launched a special Ramadan campaign in Pakistan. During the Holy month of Ramadan, LONGi Pakistan has been dedicated to providing free meals to communities in need, demonstrating its steadfast support for the local populace. Recognizing the importance of extending a helping hand during Ramadan, LONGi Pakistan initiated a social welfare donation campaign aimed at providing essential sustenance to approximately 500 individuals across Pakistan. The campaign underscores LONGi Pakistan's dedication to not only revolutionizing the energy sector but also fostering meaningful connections with communities. In collaboration with local partners, LONGi Pakistan organized Iftari events in Sukkur and Peshawar, where 250 people were provided with nourishing meals in each city. These events served as a testament to LONGi Pakistan's commitment to making a...
Post a Comment
Read more

realme Unveils its Production Process to its Community with a Visit to its Assembly Plant in Pakistan

         realme’s Fan Meet up started with an informative factory visit and ended with thrilling rounds of bowling   Behind every successful business there is an army of loyal fans lending their support for its endeavors. For realme, the strong presence of its fans has always been felt in every step of the journey to grow to the heights that the smartphone brand has reached now. realme aims to maintain a certain level of transparency with its community of fans. Having them be aware of how realme operates, what goes into the making of realme devices, as well as realme’s core values is highly important in developing the tech democratizer’s relationship with its fan community.   For this reason, realme decided to pull back the curtain on Wednesday, 10 th  August 2022 during its 828 Fan Fest celebrations and took a group of select fans to their assembly plant on the outskirts of the city of Lahore. This inside look was followed by an exciting hi-tea a...
Post a Comment
Read more

Seventeen teachers from Beaconhouse complete the International Subject Leadership Certificate

                 Seventeen teachers from Beaconhouse,  one of the largest private educational networks in the world educating over 315,000 students , have successfully completed the inaugural International Subject Leadership Certificate  by the UK-based Professional Training Institute. The 18-month accreditation is a modular course that allows participants to work with experienced practitioners to design exceptional lessons. It aims to develop subject leaders through the design and delivery of challenging Schemes of Work (SOW). Teachers  enrolled in the course reflected on the current context of their subject within their school curriculum, considered what makes successful subject leadership, and explored the course success criteria during the online launch meeting. They gathered evidence to help reflect upon and illustrate the impact of their work on pupils, colleagues and themselves. Du...
Post a Comment
Read more