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Saturday, April 13, 2024

Konnect by HBL launches Konnect Islamic debit card

HBL Branchless Banking services have been instrumental in reaching the unbanked population in Pakistan. The new offering with several touchpoints, from Mobile App to a vast agent & ATM network, will greatly enhance financial inclusion and provide convenience, especially for women.

After the successful launch of the Islamic Branchless Banking Account, Konnect by HBL further creates convenience for the clients to access their RIBA-free and Shariah-compliant Islamic Account through the “Konnect Islamic Debit Card”.

The introduction of this card aims to provide multiple features and benefits such as free cash withdrawal from HBL’s ATM network, safe and convenient contactless payments at multiple Point of Sale (POS) machines, and acceptability at a vast network of POS-enabled merchants nationwide. To receive an Islamic Debit Card, clients can apply online through their Konnect App or by visiting their nearest Konnect agent. This debit card works seamlessly across all ATM locations countrywide in Pakistan.

Read more: HBL Islamic Banking the first to introduce Islamic Merchant Acquiring in Pakistan

Konnect’s 45,000 + agents are equipped to open Konnect Islamic accounts. They provide an unprecedented convenience to open a fully shariah-compliant account, especially to those who previously could only be banked via limited Islamic bank branches. The Konnect agents will also be assisting those who are unable to open their accounts via the Konnect App and even those who don’t own a smartphone. The aim is to reshape people’s lives with Islamic financial inclusion to enable them to live in accordance with Islamic values.

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Commenting on the launch, Aamir Hameed, Head of Branchless Banking – HBL, said, “Our Branchless Banking services have been instrumental in reaching the unbanked population in Pakistan. We believe this new offering with several touchpoints, from Mobile App to a vast agent & ATM network, will greatly enhance financial inclusion and provide convenience, especially for women. We understand the need for shariah-compliant services is growing fast and we believe this service will help in meeting that demand.”

Read more: HBL Islamic Banking continues to scale up its footprint in Pakistan