Habib Bank Limited and Warid Telecom signed an agreement today for a
strategic alliance whereby Warid Telecom will provide Habib Bank Limited
with access to Unstructured Supplementary Service Data (USSD), enabling
‘HBL Express’ (Habib Bank Limited’s branchless banking project) to
conduct financial transactions in the most reliable and secure manner.Telecom
companies are uniquely placed in the branchless banking eco-system
since they have the required technology and resources to enhance the
growth and uptake of this burgeoning industry. This partnership will
allow HBL Express to expand its branchless banking footprint in Pakistan
while providing peace of mind to its consumers since all financial
transactions carried out will be completely safe and secure. The
provision of USSD services is the first step in this alliance which will
provide financial and commercial benefit to both organisations in the
coming future.
