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their branchless banking with currency transactions of e-Sahulat touch points. This was stated by Deputy Chairman NADRA Tariq Malik on the occasion of signing ceremony between Bank Alfalah and NADRA Technologies on the joint project of e-Sahulat Branchless Banking. Under the agreement, NADRA will act as super agent of Bank Alfalah offering them their e-Sahulat outlets for Branchless Banking activities. Deputy Chairman said the e-Sahulat is a secured commercial platform for money transactions with its best automated technology solution. ³An average 7 million monthly transactions are being executed through public-private partnership with NADRA¶s expertise and infrastructure, he added. NADRA Technologies is in process of transforming this platform into National Smart Service Platform for e-commerce where organizations can utilize e-Sahulat touch points for cash in and cash out transactions. This arrangement will help commercial banks and telecom operators to extend branchless banking concept through e-Sahulat without raising any infrastructure and saving Capital and Operational cost, thus creating a Win-Win situation for all parties. It is expected that the technology will facilitate a significant section of public especially in rural areas to carry out branchless banking activities and will meet the government objective to spread the branchless banking outreach to unbanked and poor of the poor population. The e-Sahulat scheme was launched in May 2008. Since then, it has been gaining popularity in urban and rural areas for transaction of miscellaneous payments such as utility bills, cell phone balance recharge. Besides, it has provided business opportunities for many educated unemployed people with very minimal and affordable investment. http://propakistani.pk/2010/12/22/nadra-offers-branchless-banking-soluti...
United Bank Ltd (UBL) has also launched its branch-less banking network called UBL Omni Dukaan. protocols. equipments and gadgets . ATM·s etc. purchase mobile cards vouchers can pay mobile bill payment using convenient channels like Internet banking / WAP SMS. Currently this UBL Omni Dukaan service has been provided in more than 100 cities and towns across Pakistan. 12 January. mobile bills and purchasing mobile bill payment vouchers will be even provided to the customers not having UBL Omni Account.UBL Omni Dukaan ± The Branch-less Banking This entry was posted by financeguru Wednesday. The UBL Omni account holder like any other traditional account can deposit and withdraw cash. Their mobile phone number will be used as account number irrespective of the service provider. 2011 Read the rest of this entry » After the successful launch of mobile banking by MCB in 2009-10 and ´Easy Paisa Schemeµ by Telenor and Tameer bank for providing money transfer services etc. This will also help in accomplishing the client·s trust on new secure modern technology methods. Customers across Pakistan can open a UBL Omni account at any UBL Omni outlet of their choice in a very simple manner by having a valid CNIC and mobile phone number. The above branch-less banking project if handled properly will open and flourish a new method of modern banking in Pakistan. There will be no need to visit bank branches for basic banking transactions it will also provide an opportunity to execute business transactions even after normal business hours. The facilities of paying utility bills. another major player of Pakistani Banking Industry. pay utility bills. send and receive money.
Each link plays a critical and coordinated role to deliver services to the customer.Can branchless banking be profitable? by Mark Flaming: Thursday. In-depth interviews were conducted with 466 agents. In testing the model on different implementations around the world. In the M-PESA implementation. However.000 agents in Brazil. technology companies. February 24. At the end of the day. including mobile network operators. banks. Most importantly. showing revenue sources according to the transaction volume in the entire system. everyone in the supply chain has to make money somehow. The model can be used to analyze the financial flows at current levels and tariff structures. Most implementations are still trying to figure out how to generate sufficient revenue to sustain everyone in the supply chain. agents and agent network managers all play some role. Successful implementations will increase . MNOs. Typically. and all of the variables can be changed to assess alternative scenarios. 2011 This is the fifth and final piece in the five-part series launching CGAP¶s Agent Network Management Toolkit (available to download and highlights are on CGAP¶s website). The financial model outputs a set of tables and graphs that demonstrate the basic business model of each company. in many cases the end customers themselves will not provide adequate revenue for the entire chain. Unfortunately. and Kenya. agent network managers and providers. Kenyan customers made enough transactions and paid enough fees for money transfers to generate enough revenue for every company in the supply chain. banks. we learned a great deal about the wide range of business models in play. early evidence demonstrates that this business model has been the exception to what has happened in most implementations in the world. The Agent Network Management toolkit comes with a financial model to help providers project the revenues generated in a branchless banking implementation for each member of the supply chain. MFIs and technology companies. The financial model is based on user-defined assumptions about the number of active account holders and the average number and type of transactions they conduct in a month. India. The toolkit is based on more than a year of research that yielded data on more than 16. The previous four blogs in this series have focused on the agent and the critical role he/she plays in registering customers and helping them transact. agents are only one of a number of links in the branchless banking supply chain.
utility companies. We think that the Agent Network Financial Model will help providers gain a clearer picture about how to combine different business models into a supply chain. MNOs may well find that they generate enough revenue from lower commissions and increases in airtime sales to justify distributing most of the revenue from their mobile money implementation to other members of the supply chain.revenues through some combination of increasing the transaction volume and by the supply chain companies increasing their own core business benefits. for example. In many implementations.Mark Flaming . . bank¶s cost savings and increased foot traffic in agent stores drive the business model. and that this will facilitate innovative partnerships between the players. In Brazil. merchants and employers may be willing to pay significant fees to use the channel to make or receive payments. third parties such as governments. And in all implementations. The branchless banking industry is still early stage but gaining momentum.