Islamabad, November 13, 2019 (PPI-OT): Federal Minister for Information Technology and Telecommunication Dr. Khalid Maqbool Siddiqui visited the U Microfinance Bank Ltd. Headquarters in Islamabad on Wednesday. CEO U Bank welcomed the Federal Minister for IT at U Bank headquarters. The Federal Minister chaired the briefing at the U Bank where CEO U Bank briefed the Federal Minister about the U Bank’s operating infrastructure and its goals. The Federal Minister was apprised that the bank has a network of over 200 branches and touch-points, across 160 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products and branchless banking solutions.
U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The CEO apprised that the U Bank has embarked upon the journey towards becoming a digital bank that is prepared to deliver value and services via technology, enabling it to potentially become one of the most accessible banks in the country. The Federal Minister for IT lauded the U Bank management team for remarkable turn-around story of the U Bank, the PTCL owned subsidiary and discussed the government and bank’s mutual agenda to achieve the greater social and financial inclusion in Pakistan.
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