KARACHI: The number of Mobilink’s mobile accounts has crossed 500,000 monthly activations in last eight months from the 25,000 monthly active mobile accounts in April 2015.
Such massive augmentation in active users reflects the potential of the 2.5 million mobile accounts registered by Mobicash. The great growth during the last 8 months is a result of more people’s getting awareness of the need for mobile accounts services, as stated the company.
“Mobile accounts are the future of financial services in Pakistan and Mobicash has played a vital role in its provision to the masses. Our strong 58,000 plus retailer network assists with our aim to improve lives by ensuring subscribers living in localities with limited formal banking services utilize Mobicash to avail the variety of financial services it offers.
“This milestone is another step towards our objective of bridging the prevalent divide between the banked and unbanked populace of Pakistan,” said head of Mobile Financial Services of Mobilink Aniqa Afzal Sandhu.
Mobicash offers its customers the option to enjoy branchless banking account with their Mobilink number that the client can operate through a simple USSD menu. The service allows its client to deposit or withdraw from any of the more than 58,000 Mobicash Agents spread across the country.
Mobicash account holders can also withdraw money through company’s provided ATM Card which can be used on any ATM of a 1-Link or M-Net connected Bank.
