To pave the way for digitization of banking products to enable the banks to offer a variety of products to the unbanked and the under-banked segments of the country, Dubai Islamic Bank Pakistan and Zing Digital Commerce have recently signed an agreement for deployment of a branchless banking platform.
Under the agreement, Dubai Islamic Bank will partner with ZING Digital Commerce, who have developed a comprehensive branchless banking platform, in collaboration with its Chinese Technology Partner i.e. Shanghai F-Road.
This alliance is expected to add to DIB Pakistan’s vision to offer quality financial services at grass root level with convenience and reliability at customer’s door step.
Speaking on the occasion. CEO Dubai Islamic Bank Pakistan Mr. Junaid Ahmed, said that this agreement would trigger a start for Digitization of Banking Products to offer an array of products mainly to the unbanked population and in line with SBP’s strategy for Financial Inclusion.
It is also to be noted that SBP has provided an enabling framework for the Bank’s to tap the huge potential of the unbanked economy which will be a major contributor for economic growth.
Mr. Ghazanfar Ali Khan, Founder & CEO ZING Digital Commerce, commented that ZING is working to bring about a revolutionary solution, made by its Chinese alliance partner i.e. Shanghai F-Road, in Pakistan.