Warid Telecom Pakistan launches mobile financial services

Warid Telecom and Bank Alfalah Limited have launched a mobile financial service (MFS) by the name of ‘Mobile Paisa’.

The service is initially being launched with support for payments of utility bills and a money transfer facility.

Monet is the technology provider who partnered with Fundamo – a mobile platform provider, to utilise its technology and offer branchless banking solutions to banks in Pakistan.

Monet financial cloud solution has the capability to host multiple banks completely secure and independent from each other.