Bank of Punjab spearheading banking for freelancers
The Bank of Punjab (BoP) in collaboration with the
Pakistan Software Export Board (PSEB)
launched their Freelance Digital Account and Bank Cards, in Islamabad on Tuesday.
The event was
held after the signing of a memorandum of understanding (MoU) between the
parties to offer tailored banking services and solutions to PSEB-registered freelancers and IT/ITeS
professionals.
The Freelance Digital Account and Card is an innovative
banking solution designed specifically for the needs of freelancers and IT/ITeS
professionals.
It offers a range of benefits, including zero balance requirements, competitive
foreign exchange rates, and instant issuance of co-branded debit/credit card.
This digital account service will be offered under the BOP@Work, which will make freelancers and IT/ITeS professionals
eligible for discounted offerings on auto finance, home loans, and personal finance.
This partnership between PSEB and BoP marks an important
step towards facilitating the growth of the freelancing industry in Pakistan,
and promoting financial inclusion among freelancers and professionals working
in the IT and ITeS sector.
Speaking on the occasion, the Chief Guest Member IT, Syed
Junaid Imam, said the Government of Pakistan is committed to promoting this sector to
achieve its full potential.
Imam also urged commercial banks to introduce their
banking products for facilitating IT companies and freelancers.