News Column

HBL launches branchless banking 'HBL Express'

May 1, 2014

Habib Bank Limited (HBL), Pakistan's largest bank, launched its branchless banking service 'HBL Express'. Kazi Abdul Muktadir, Acting Governor State Bank of Pakistan and Nauman Dar, President and CEO, HBL were present at the launch.

Speaking on the occasion Nauman Dar said, "HBL Express is another step by HBL towards achieving its vision of supporting financial inclusion in the country. It will provide convenient and reliable banking services to the people of Pakistan."

HBL Express will be launched with Domestic Remittances and Utility Bill Payments. The product portfolio will be expanded to include International Remittances, Mobile Wallets, G2P Payments and Corporate Solutions in the near future. To allow its agents to conduct transactions, HBL Express has pioneered in providing its agents with Smartphones equipped with a custom developed mobile application.

Addressing the gathering, Kazi Abdul Muktadir expressed, "Pakistan's branchless banking model supported by banks is considered amongst the best in the world. In a country where over 90 per cent of the population is unbanked, HBL Express supported by the bank's distribution network will help recruit new users to mainstream banking.

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Source: Daily Messenger (Pakistan)

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