HBL launches Branchless Banking Services
Habib Bank Limited (HBL), Pakistan’s largest bank, launched its branchless banking service named ‘HBL Express’ which is powered by SAP and implemented by Abacus. Mr. Kazi Abdul Muktadir, Acting Governor State Bank of Pakistan and Mr. Nauman Dar, President and CEO, HBL were present at the launch.
HBL Express will be launched with Domestic Remittances and Utility Bill Payments, with International Remittances, Mobile Wallets, G2P Payments and Corporate Solutions to be added to the product portfolio in the future. To allow its agents to conduct transactions seamlessly, HBL provided them with Smart phones equipped with an in house custom developed application by Abacus. The application is expected to be a game changer in the mobile banking industry as it supports the vision of financial inclusion by helping recruit new users to mainstream banking,