Zong, Askari Bank launch 'Timepey' branchless banking service

Zong, cellular network and Askari Bank Limited have jointly announced to launch of ‘Timepey’, a technology-based branchless banking service that will make available a range of banking services to just about everyone, with remarkable convenience and efficiency. This announcement was made by Fan Yunjun, CEO Zong while addressing a press conference here at Hall No: 3 of Expo Centre.
He said that Timepey users will be able to pay utility bills, transfer money to specified recipients anywhere in the country, deposit and withdraw cash and carry out account transfers.
User convenience has been kept as the foremost consideration in developing this new service. Users do not have to be Zong customers or even be mobile phone subscribers. As such the service offers complete flexibility to anyone who wishes to avail essential financial services without the need to open a bank account, he added.
He said that launch of Timepey branchless banking service is truly a major development that will benefit millions of people. This use of modern technology to provide efficient, secure and convenient financial services to the public.
And, it also has a strong corporate social responsibility angle, as the service will result in several socio-economic benefits, particularly for the low and middle income segments, as for rural and urban segments of society, he added further.
M R Mehkari, President and Chairman Askari Bank Limited said, “We are proud to have partnered with Zong, the first international venture of China Mobile, for Timepey branchless banking programme.
He added that by partnering with China Mobile Pakistan, Askari Bank has built a more scalable retail network of points at which people can conveniently pay into or cash out from their branchless banking accounts.
It has been a true pleasure to work with Zong, just as the Chinese people are great friends of Pakistani people, we have also found China Mobile Pakistan to be a dependable business partner of Askari Bank, he said.
On the occasion, Usman Ishaq, Executive Director (commercial) ZONG, said that there has been a significant rise of branchless banking in Pakistan as well but it is still not enough to meet the demand.
He said that Zong’s aim is to bridge this gap and bring banking services to our customer’s finger tips. Our esteemed customers will be able to utilise various services right after the launch including cash in, cash out, person to person, fund transfers, utility bill payments, mobile top-up and mobile accounts.
Ilahi Bux Soomro, former Speaker National Assembly, Film and TV artistes including Meera, Shabir Jan, Shakil, Faisal, Adnan Siddiqui and others participated the event.