Bank Alfalah launches Pakistan's inaugural Digital Payments
Sales and Service Centers
Bank Alfalah, a prominent commercial and digital bank, has
launched Pakistan's inaugural Digital Payments Sales and Service Centers, strategically
positioned in Badar Commercial DHA and Disco Bakery Gulshan, Karachi. These
centers are designed to cater to the needs of merchants and small-scale
businesses within the digital ecosystem.
Recognized for its digital banking success, Bank Alfalah
received the Best Digital Banking award at the Pakistan Banking Awards in 2023.
Approximately 80% of counter transactions and 99% of eligible account openings
were conducted through the bank's paperless digital channels.
Chikoo
and Bank Alfalah unveil revolutionary POS payment device partnership
With a vast network of 984 branches and the introduction of
Pakistan's First Digital Lifestyle Branch in 2023, Bank Alfalah is pioneering
innovative digital payment solutions for merchants and small businesses. The
newly launched Digital Payments Sales and Service Center, located in Badar
Commercial DHA, was inaugurated by Dr. Inayat Hussain, the Deputy Governor of
the State Bank of Pakistan, and other dignitaries, including Atif Bajwa
(President and CEO of Bank Alfalah), Muhammad Yahya Khan (Group Head, Digital
Banking Group), and Mehreen Ahmed (Group Head, Retail Banking).
The Deputy Governor highlighted the importance of
digitization for inclusive banking in Pakistan, expressing the State Bank of
Pakistan's commitment to promoting digital payment channels and innovative
concepts like digital payment sales and service centers.
Bank
Alfalah Limited and J.P. Morgan join hands to introduce inward remittance
service in Pakistan
Atif Bajwa, President and CEO of Bank Alfalah, emphasized
the bank's dedication to providing relevant and efficient banking services. The
Digital Payments Sales and Service Centers aim to be one-stop solutions, offering
self-services to meet the diverse needs of small business and merchant
customers.
These centers, integrated with the Alfa Business Merchant
App, provide a range of services, including digital onboarding, merchant
acceptance services, merchant financing, payment card issuance, online
web-store services, cash and cheque management, fee collection services for
educational institutions and restaurants, merchant savings, and shopping on
instalments.
Bank Alfalah plans to expand these services to other market
areas and cities, contributing to financial inclusion and reducing cash
circulation in the economy. The strategic placement of these centers aligns
with the bank's mission to make banking services accessible to all through its
digital strength.
Source: Pro Pakistani