Alif
Alif is an innovatively designed branchless banking
mobile wallet featuring a debit card that is powered by UnionPay
International. It has been created to meet the objective of augmenting
financial inclusion in Pakistan, consequently reducing the gap between the
banked and unbanked population.
In order to do so, this mobile wallet product has been
designed to replicate a regular banking account, but with minimum account
opening requirements and a wide range of functionalities.
Alif will allow customers to perform the following
activities:
·
Balance inquiry
·
Mini statement
·
View individual transaction details
·
Fund transfers
·
Utility bill payments
·
Mobile top up and bill payments
·
Interbank transfers
Alif customers will be able to deposit funds into
their wallet using the following options:
·
Incoming funds transferred from another wallet
·
Incoming IBFT from another bank account
·
Pull funds from linked BAFL account
·
Cash deposit at agent
·
Alif customers can use the funds in their wallet
through the following options:
·
Funds transfer to another wallet
·
Domestic remittance to any CNIC
·
IBFT to another bank account
·
Push funds to linked BAFL account
·
Cash withdrawal from agent
·
ATM cash withdrawal
·
Purchase at POS
·
Mobile wallet transactions
Alif customers can use their cards at all ATM’s and
POS machines within Pakistan. Simultaneously, Bank Alfalah is also working
on a number of initiatives that will widen the access channels for Alif
users, not only making access easier, but also making it possible to operate
the account on-the- go!
For details about Bank Alfalah’s Branchless Banking
Products & Services call their Phone
Banking Service at 021-111-225-229.
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