Categories: featuredNews

Mobilink’s MobiCash crosses 500,000 monthly users

MobiCash, Mobilink’s mobile money solution, has crossed the half million mark in terms of monthly users.

In a press release issued today, Mobilink has confirmed that MobiCash is now used by a total of 500,000 users monthly, nearly a 20 times increase since April of this year. Back then, it only had 25,000 users but within a period of eight months, the mobile payment solution has grown exponentially and keeps on growing at an astounding rate.

MobiCash is a branchless banking account that Mobilink users can create and operate through thier phones and lets them deposit or withdraw money from any of the 58,000+ MobiCash agents across Pakistan. The funds can also be transferred to other Mobicash Mobile Accounts, other Operator’s Mobile Accounts, other 1-Link/M-NET connected bank accounts or any person’s identity card.

President of Mobilink, Jeffrey Hedberg, acknowledged this remarkable feat and congratulated his team at a ceremony held to celebrate this milestone,

“This is yet another milestone for our company, which showcases our resolve towards positively contributing to financial inclusion across the communities of Pakistan and is a clear demonstration of our Mobicash strategy in action. I appreciate the efforts of our team who continue to work innovatively to provide the best customer experience across the country, may it be in the shape of new services or by strengthening our retail network. As an entity, we not only believe in opening new avenues for our customers, but also in adding value by building a stronger relationship with them.”

While the rest of the world has moved on to online payment solutions, Pakistan still lags behind due to a sense of mistrust and the fear of security. But in recent years, services like EasyPaisa and Mobilink’s MobiCash have been pretty successful in chainging that general mindset, as evident by these figures. Mobile accounts are the future of financial services and with an incredibly strong 58,000 plus retailer network, Mobilink plans to make its subscribers who live in localities with limited formal banking services utilize Mobicash to avail the variety of financial services it offers.

Source- Mobilink

Sponsored
Rehan Ahmed

I cover startups, review gadgets and talk about latest developments in the technology industry. Get in touch through rehan@techjuice.pk.

Leave a Comment
Share
Published by
Rehan Ahmed

Recent Posts

Microsoft Launches AI-Powered “Support Virtual Agent” for Xbox Users

Microsoft has launched its AI-powered “Support Virtual Agent” chatbot for Xbox Insiders in the U.S.,…

3 hours ago

Musk Says Tesla Won’t Enter Smartphone Market Unless Necessary

Android Authority recently polled its users to find out if they would purchase a Tesla…

3 hours ago

Sukkur IBA Sets Seven Conditions for Conducting MDCAT

The Secretary of the Sukkur IBA Testing Agency has formally requested urgent action from the…

4 hours ago

PSEB Opens Bidding for Nationwide e-Rozgar Centers

The Pakistan Software Export Board (PSEB) has launched a nationwide program to encourage IT startups…

4 hours ago

Google Play Services Bug Disrupts Access to Apps for Pixel Users: Here’s How to Fix It

A significant issue with Google Play Services has left many Pixel users unable to access…

4 hours ago

WhatsApp Beta Partners with Google for Innovative Image Search Feature

When it comes to Android messaging apps, WhatsApp stands out as one of the best.…

5 hours ago