News Desk |
Under the State Bank of Pakistan’s (SBP) scheme of financing solutions for renewable energy, JS Bank has partnered with Hadron Solar for promoting solar panel funding for Small & Medium Enterprises (SMEs) and homeowners as well as solar powered tube wells for farmers.
Although with the advantage of the average amount of daily sunlight being eight and a half hours, efforts to install and expand the use of solar energy in Pakistan are unfortunately unfledged. Since the renewable energy projects have negligible operating cost and are environmentally friendly, the step taken by JS bank is highly applaudable.
By joining hands, JS Bank and Hadron Solar seek to develop a framework for growth of shared values that will assist residential, agricultural, and commercial endeavors. Using renewable energy, JS Bank clients can reduce electricity costs, reduce dependence on the national energy grid and protect the environment by utilizing non-polluting power generation sources. The loans are offered at a rebated mark-up rate of 6% flat.
JS Bank is the only Pakistani bank to have made it to the top 5 in any category this year. At JS Bank, we strive to be pioneers in digital technology which improves the lives of our fellow citizens.
Commenting on the occasion, Babbar Wajid, Business Head – Consumer banking and Product Management JS Bank said, “Our alliance with Hadron Solar reflects our commitment towards the use of alternative and renewable energy. Funding has been the key challenge for consumers, thus I’m very confident that our financing products will support customers in reducing their costs, grid dependence and consequently carbon footprint, for creating more sustainable future environments.”
Zafar Sobani, Chairman of Hadron Solar Board, commented positively regarding the prospects of the alliance, “We see an opportunity to help families and businesses lower their energy bills by improving their access to solar power sources. By partnering with JS Bank, Hadron Solar aims to expand the residential and commercial solar market by lowering the upfront investment.” By undertaking such innovative and business building partnerships, JS Bank remains committed towards its role as a catalyst in the entrepreneurial ecosystem of Pakistan.
JS Bank’s tryst with new technology has not gone unnoticed. Proving that Pakistan is not lagging on the technology and innovation front, JS Bank, one of Pakistan’s leading banking institutions has been shortlisted for the GSMA Global Mobile Awards (GLOMO Awards) in the “Best Mobile Innovation for Payment and Fintech” category for its Digital Policing Initiative.
The GLOMO Awards honor the greatest achievements and innovations across the mobile industry, with 42 awards presented over 10 categories. Held in Spain, their objective is to spotlight the technological innovations helping to connect everyone and everything to a better future, from developments in 5G to innovations, to start-ups and entrepreneurs that are dreaming up the next big thing.
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.
With its focus on innovation and technology-oriented financial solutions, the Bank introduced its digital policing initiative in partnership with Islamabad Traffic Police. This innovative solution offers a suite of services in six categories including, digital traffic violation challan issuance, fee payments through mobile wallets, document management system, live monitoring of police official’s deployment, and heat maps of traffic violations and lives reconciliation of accounts.
Commenting on the achievement Noman Azhar, Head of Branchless Banking & Digital Implementation- JS Bank said that, “It is an honor to have been shortlisted for this prestigious award. JS Bank is the only Pakistani bank to have made it to the top 5 in any category this year. At JS Bank, we strive to be pioneers in digital technology which improves the lives of our fellow citizens. This achievement will further JS Bank’s commitment to technological innovation and public facilitation.”
John Hoffman, CEO, GSMA Ltd, said: “The GLOMOs provide a world stage on which to celebrate the most inspirational and innovative developments across our industry, recognizing the companies and individuals leading the way in everything from 5G to emerging markets, to intelligent connectivity.”
The Bank will be competing with multinational entities and it is a great achievement to have made it this far. JS Bank remains committed to providing unsurpassed services and offerings to its customers.
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. JS Bank 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.