Branchless banking becomes a super easy and brilliant innovation in Pakistan, that is preferred by people among various cities of Pakistan. According to the latest estimate, almost 67% of the people pay their utility bills using this method, rather than standing in long crowded lines people prefer this way!
According to a survey conducted by Gallup Pakistan in collaboration with State Bank of Pakistan (sbp), consider it a useful method while 33% don’t!
Must Read: Fintech is going to be transform by branchless banking in Pakistan by mid-2018
In the last quarter of 2015, there were 27 million transactions made on account of utility bill payments and rs 35.8 billion were transferred to different utility companies throughout the country.
There are nine branchless banking services in Pakistan naming easy paisa, jazz cash, u paisa, mobile paisa, timepey, hbl express, meezan upaisa and ubl omni.