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Advanced Mobile Apps Launched as Online Business Picks Up

Islamabad: The banking industry and e-commerce platforms are introducing cutting-edge mobile apps to assist customers as online activities, including companies, experience a boom amid social estrangement brought on by Covid-19.

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The future of banking will be on mobile devices, according to Ghazanfar Azzam, President and CEO of Mobilink Microfinance Bank Limited (MMBL), but it must be the simplest and have the most functions.

As Pakistan’s 3G and 4G coverage spreads throughout the nation, the MMBL, which now operates about 100 branches, wants to cut back on those numbers in the upcoming years.

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The “Dost App” offers digital banking capabilities for carrying out a variety of operations, including online purchases. Also, to assist rural consumers, the app will provide data on weather trends and wholesale market prices for different commodities.

The “Buy Now Pay Later” (BNPL) project, according to QisstPay CEO Jordan Olivas, will change the Fintech and e-commerce scene in Pakistan, he claimed when the product was recently launched.

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