Bank Alfalah launches first-ever digital portal

KARACHI: State Bank of Pakistan has taken a radical initiative that encourages the banks to launch their own digital onboarding platforms with the aim to offer customers the convenience to do all their banking without visiting any branch.

Bank Alfalah is regarded as a pioneer in the industry through several digital banking solutions that enable the customers to enjoy an exceptional and hassle-free banking experience. The Bank has taken the lead to introduce digital technology for its complete banking portfolio. Bank Alfalah has become the first bank in Pakistan to launch a safe & secure digital banking portal called Bank Alfalah Rapid; which provides customers the means to open an array of banking accounts anytime, anywhere, as well as apply for credit & debit cards, download e-statements, subscribe for SMS alerts, and a lot more with just a few clicks.

Bank Alfalah continues to disrupt the banking space using innovative digital technologies, always with the objective of improving convenience and ease of access for the people of Pakistan.

JS Bank signed an agreement with National Institutional Facilitation Technologies (NIFT) for enabling digital commerce payments through NIFT's DFS platform under the brand name "NIFT ePay".

The agreement was signed by Haider Wahab, CEO NIFT and Noman Azhar, Chief Digital Officer of JS Bank.

Now customers without debit or credit cards can conduct e-commerce transactions directly through their accounts maintained with any member bank of NIFT epayment gateway. On the other hand, banks gain the ability to offer a digital platform for all collection mandates through an account-based local payment gateway.

This partnership is yet another step in JS Bank's efforts to provide digital payment channels to retail customers while offering payment and collection platforms to businesses.