Home Business Branchless banking arrives to AJK to help those without bank accounts

Branchless banking arrives to AJK to help those without bank accounts

JS Bank

News Desk |

Taking a major stride towards its financial inclusion goals in the region, Special Communications Organization (SCO) has joined hands with JS Bank for the launch of its branchless banking services in Azad Jammu & Kashmir (AJK) and Gilgit-Baltistan. In this regard, a contract signing ceremony was held between the two organizations.

A brand envisioned as ‘S-Paisa,’ aims to empower more than 6 million people of Azad Jammu & Kashmir and Gilgit-Baltistan through state-of-the-art, convenient and secure branchless banking services. The partnership of JS Bank with the leading telco will financially empower the unbanked people in these regions.

The contract signing ceremony was attended by Major Gen Ali Farhan, HI (M), DG SCO and President & CEO, Mr. Basir Shamsie from JS Bank.

JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities. The Bank also has an international presence and is a leading player in the digital banking space.

Sharing his thoughts on the development, SCO’s spokesperson said, “We are delighted to have partnered with JS Bank to make Mobile Financial Services accessible to the people of AJ&K and GB. S-Paisa will not only bring ease to the lives of millions of people but also prove to be a great contributor to the region’s socio-economic development in the longer run.”

JS Bank has also won the honorary CSR award at the 8th Corporate Social Responsibility Summit & Awards. This is the 7th year running that the Bank has been recognized for its grassroots focused community development initiatives.

The award was received by Zaid Haroon, Head of Corporate Communications and CSR for the Bank. JS Bank is working in the areas of health, education, and sustainable development through its own efforts as well as by supporting the charitable arm of JS Group, Mahvash & Jahangir Siddiqui Foundation (MJSF).

Read more: Renewable energy: JS bank partners with Hadron Solar

Speaking at the occasion, Zaid Haroon stated, “JS Bank is at the forefront of positive social change as we believe in going beyond business. As the 3rd largest SME bank in the country, JS Bank believes in the entrepreneurial spirit of its fellow citizens and has partnered with organizations such as Karandaaz Pakistan, USAID, etc. for SME financing. Passionate about operational sustainability we are the first commercial bank in South Asia to have been certified by WWF as a Green Office.”

The 8th Corporate Social Responsibility Summit & Awards 2019 was organized by the Professionals Network and Ethical Business Update (EBU). The ceremony was held in Karachi and was attended by a cross-section of individuals from the corporate, academia, philanthropic and government sectors.

Read more: First Time Customer Acquisition Strategy Employed by JS Bank

JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities. The Bank also has an international presence and is a leading player in the digital banking space. It has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services group.

Facebook Comments