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Branchless Banking Products and Services at Alfalah Bank - Mobile Paisa


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Mobile Paisa

Bank Alfalah had joined hands with Warid Telecom to launch “Mobile Paisa”; a branchless banking service which aims to provide innovative, technology-based financial solutions to customers.  Mobile Paisa currently offers customers with Over the Counter (OTC) facilities for making utility bill payments as well as Person to Person (P2P) funds transfer services via its 23,000+ agent locations across Pakistan.

With the launch of Mobile Paisa, the Bank aims to support the creation of a branchless banking and alternate payments ecosystem which is likely to augment financial inclusion in the country, thereby reducing the gap between the banked and the yet-to-be-banked. The ultimate objective is multi-pronged;

Firstly, to enable individuals to conduct transactions through a wider array of products and distribution channels.

Secondly, to eventually enhance access to financial services by broadening the banking population ambit – a critical gap which needs to be addressed in Pakistan.

Individuals can use Mobile Paisa services by visiting their nearest Mobile Paisa agent location, Warid Business Center or Warid Franchise.

Money transfer through Mobile Paisa
Using Mobile Paisa Money Transfer, you can now send/receive money to/from your family and friends in a highly convenient, secure and effective way. You can use Mobile Paisa services even if you don’t have a Warid connection or a mobile phone. All you have to do is to visit any of their agents and begin using their services without any registration.

The following charges are applicable for each transaction: 
Slab Start
Slab End
Fee(PKR)
FED*(PKR)
Total Charges(PKR)
1
1,000
51.72
8.28
60
1,001
2,500
103.45
16.55
120
2,501
4,000
155.17
24.83
180
4,001
6,000
206.90
33.10
240
6,001
8,000
258.62
41.38
300
8,001
10,000
310.34
49.65
360
10,001
13,000
362.07
57.93
420
13,001
15,000
413.79
66.21
480

* All charges are subject to 16% FED

Transactional limits for sending & receiving money:
Rs.15,000 per month on each CNIC
There is no limit on the number of transactions per CNIC in a given month

Bill payment through Mobile Paisa
Mobile Paisa bill payment service brings you a secure, hassle free way to pay your electricity, gas, telephone, and internet bills. Now you can easily pay your utility bills from your nearest Mobile Paisa agent location, Warid Business Center or Warid Franchise.

List of utility bill companies to whom you can make payments:

 Electricity
•     KE (K-Electric)
•     LESCO (Lahore Electric Supply Company)
•     IESCO (Islamabad Electric Supply Company)
•     FESCO (Faisalabad Electric Supply Company)
•     HESCO (Hyderabad Electric Supply Company)
•     MEPCO (Multan Electric Power Company)
•     GEPCO (Gujranwala Electric Supply Company)
•     PESCO (Peshawar Electric Supply Company)

Telephone
•     PTCL (Pakistan Telecommunication Company Limited)

Gas
•     SSGC (Sui Southern Gas Company)
•     SNGPL (Sui Northern Gas Pipelines Ltd)

Service Charges
There are no service charges for bill payments made through a Mobile Paisa Outlet.

For further details on Mobile Paisa or to search for payment details, kindly visit www.mobilepaisa.com.pk 
For details about Alfalah Bank’s Branchless Banking Products & Services call their Phone Banking Service at 021-111-225-229.


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