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Tag Archives: online

Advantage & disadvantage of online banking

  Worldwide, governments transfer trillions in cash for salaries, pensions and welfare payments to persons, Pakistan is no exemption. Automating government to Person (G2P) presents tremendous merits. Firstly, the government can save great sums of amount. Secondly, recipients will have advantage from rapid payments with few leakages in the system. Most significantly, a growing body of evidence explains that with suitable delivery replicas, (G2P) payments recipients can be simply brought …

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Online banking has changed financial landscape in Pakistan

  Online banking has accelerated financial inclusion and changed the financial landscape in many developing countries including Pakistan. Mobile phones are now compensating for inadequate infrastructure, slow postal services, and the limited coverage of banking systems in many countries. Online banking has introduced non-traditional channels of delivering services in the banking industry. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial …

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Pakwheels: A premium portal and fast emerging online business in Pakistan

  If life was a long drive, it would be best driven by those who value each step taken on the journey. The same goes for those car enthusiasts who always look for a perfect automobile that suits their needs and lifestyle. Your car empowers you to reach a destination in a way, you want to go by, but also leads you to achieve self-actualization and, in simpler words, makes …

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Pakistan online business on the rise; domestic tourism need more support

  Jovago provide post payment option with 24/7 customer support Interview with Nadine Malik Almani — Country Manager, Jovago Pakistan Nadine Malik Almani is the Country Manager of Jovago Pakistan, which is an international venture of Rocket Internet specializing in hotel and vacation rentals globally. Nadine Malik who is a graduate from Bryn Mawr College, USA, started her career as a banker with Citibank Pakistan. After four years at Citi, …

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Pakistan’s position in online utility bill payments

Utility bill payment in physical bank branches is still a common practice in Pakistan. With all the exciting technologies surrounding us today, we might think that long queues in the sun should be a thing of the past, but they are not. Conventional bills like power and gas utilities as well as bills for current day services like broadband internet are some mandatory and recurring expenditures that are still following …

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Real-Time online banking — A milestone in banking sector

  Mobile banking an effective way for achieving financial inclusion According to latest official figures regarding real-time online banking, the network of ATMs in the banking industry continued to grow reaching from 10,099 to 10,736 during the second quarter of current fiscal year 2016. During this period some 5,689 POS machines were also added to the network showing a growth of 12.82% as compared to first quarter of FY16. The …

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