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Branchless Banking Solution – SSGC, HBL Sign Agreement

NEWSSSGC has been proactive in taking the lead in devising technology based electronic bill payment mechanism on a win-win basis and launched different electronic bill payment modes for convenience of our consumers.

SSGC and HBL recently inked an agreement for the deployment of e-bill collection services through their branchless banking channels.

HBL has support of 1469 branches in the country and provides the largest network of bank branch based bill collection points for utility companies.

HBL is set to begin their branchless banking operations and enable payment of SSGC bills at retail shops through a regional network of 15,000 + agents. In addition to those standard services of ADC channels (ATMs, Internet Banking and Mobile Banking) HBL has set up an additional payment system for utility bill payment through its Branchless Banking division which means SSGC bills will also be accepted at retail shops on real time basis.

HBL has support of 1469 branches in the country and provides the largest network of bank branch based bill collection points for utility companies. The Bank plans to pitch some 5 million of their existing customers for branchless banking solutions and these customers will also be able to make gas bill payment through their branchless banking accounts.

This initiative of branchless banking will facilitate above 2.5 million SSGC bill paying households with convenience of 24/7. This will result in high levels of cash recovery and funds transfer within 24 hour electronically. This will also save a huge amount of SSGC in terms of processing fees estimated above 2.6 million annually.

HBL aims to offer more sophisticated branchless banking solution than what we already have in market. HBL Branchless Banking utilizes the Sybase 365 technology platform for the integrity and authentication of data that can be accessed through the internet, GPRS and USSD on a variety of devices. Bill payment, mobile wallets, local remittance and few other services will kick start and more value added services will be in coming future.

Irfan Zafar, SGM (SS)/CTIO ably guided the Value Added Services team members comprising Mazhar Usman, (CM IT/ADC) and Tayyaba Manzir (DM IT/ADC) in implementing this project.

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