K-Elec­tric, Faysal Bank ink pact for E-Bill Pay­ments

The Financial Daily - - NATIONAL -

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".

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