K-Electric, Faysal Bank ink pact for E-Bill Payments
KARACHI: According to a K-Electric (KE) press statement, KE and Faysal Bank Limited (FBL) have entered into an agreement whereby KE customers will be able to pay their bill at any FBL Branch in Karachi through the advanced mechanism of UBPS (Utility Bills Payment System).
KE has been entering into accords with different banks over the past few months so as to make the bill payment process simpler for its customers.
This initiative will help avoid manual delays in consumer payments and transfer funds online into KE's account in addition to controlling invalid and fraudulent transactions.
The agreement was signed by Mr. Nayyer Hussain, Chief Executive Officer- K-Electric and Mr. Nauman Ansari, President, & CEO - Faysal Bank.
Nayyer Hussain, Chief Executive Office, KElectric reiterated "We believe that investing in the ongoing well-being of our customer and technology is ultimate definition of a sustainable business.
We value the relationship that we currently have with Faysal Bank, and look forward to developing it further".