LOLC Microfinance Bank has collaborated with 1LINK (Pvt.) Ltd, as a principal member to enter the regime of interoperability of digital money transfers & payments. The strategic alignment with 1LINK will facilitate LOLC Microfinance Bank to enable ATM switch services, Inter Bank Funds Transfer, Bill Collections, PayPak Scheme and e-Commerce transactions
Present at the occasion were Mr. Farooq Rashid – CEO, LOLC Microfinance Bank) and Mr. Najeeb Agrawalla – CEO 1LINK, along with other senior members of both companies.
Mr. Najeeb Agrawalla, CEO – 1LINK commented, ‘’1LINK is honored to onboard LOLC Microfinance Bank on its grid. The robust digital payment ecosystem and 1LINK – LOLC Microfinance Bank alliance is another step towards facilitating customers and shifting them to digital channels. We hope that the enablement of this alliance for money transfer, e-commerce payments and collections of bills on all 1LINK members’ channels (ADCs/OTC) will pave the way towards digitization and convenience’’.
Speaking on the occasion Mr. Farooq Rashid – President & CEO, LOLC Microfinance Bank said, “This strategic alliance, in my opinion, is a fantastic endeavor and a move on the right path. In order to deliver a service that exceeds customers’ expectations, we are introducing digital tools that will make things simple for customers. We intend to fully utilize 1Link’s streamlined and cutting-edge digital services, which are well-known.
LOLC Microfinance Bank has partnered with Unikrew Solutions (Private) Limited for their services of Digital Self On-Boarding. This service will soon be offered for our future current & saving account customers.
LOLC Microfinance Bank is going to offer digital banking services to its existing and new customers. Customers will be able to sign up with Pak Oman from the comfort of their homes and do their account opening without needing to visit a branch.
The agreement was signed by the Chief Operating Officer of LOLC, Mr. Chamika Wijewarnasooriya & Mr. Naveed Tejani, Chief Executive at Unikrew Solutions.
Senior Management of both Organizations was also present on this occasion
Pak Oman Microfinance Bank has partnered with Easypaisa for Loan collection & recovery through the App & Over the counter.
As a microfinance bank, creating convenience and empowering society is our top priority and this partnership will enable our customers to deposit loan installments through both The Easypaisa App and one of the largest agent networks in Pakistan.
The agreement was signed by Mr. Lahiru Kodituwakku, Head of Assets Pak Oman Microfinance Bank & Mr. Shahzad Khan, Group Head Channel & Corporate, Easypaisa.
Senior Management of both Organizations was also present on this occasion.
Pak Oman Microfinance Bank enters into a strategic partnership with NIBAF, to facilitate the unprivileged communities of the country by creating financial awareness campaigns.
The MoU was signed by Mr. Riaz Nazarali Chunara , Managing Director-NIBAF, and Mr. Farooq Rashid, CEO & President – Pak Oman Microfinance Bank.
The signing ceremony was attended by top Management of both organizations.
Pak Oman Microfinance Bank Limited has joined hands with JazzCash for loan recovery & collection via Mobile wallets and Over the Counter. This partnership will enable our customers to deposit loan installments from the comfort of their homes or through one of the largest agent network in Pakistan.
Pak Oman Microfinance Bank Limited would like to take advantage of this partnership and enable many other avenues in terms of our future product roll out plan.
The signing ceremony was attended by Mr. Farooq Rashid, CEO & President of Pak Oman Microfinance Bank, Mr.Ghazanfar Azzam, President & CEO of Mobilink Microfinance Bank Limited, Mr. Atyab Tahir, CEO of JazzCash and Senior Management of both sides.