Posts tagged mcommerce

Mobile banking and Telecom companies a challenge to the banking industry

2 years ago

by Ammar in My thoughts, Pakistan, Technology, Telecom, The World

nokia-money Mobile commerce, mobile payments, cell phone based financial transactions (or whatever you would like to call them) have been discussed and debated all over the world over the past few years. Basic m-commerce applications have been introduced already in several countries, including Pakistan.

It is widely anticipated that telecom operators and vendors pose a serious challenge to the banking industry as they take electronic banking or e-banking mobile.

Speaking of statistics, a total of 1.6 billion bank accounts exist worldwide. Compare this to 4 billion cell phone users. Speaking of Pakistan, the banking industry is host to close to 20 million bank accounts as compared to over 90 million cell phone subscribers. Telecom operators and vendors have good enough statistical evidence to believe they already have a head start! (more…)

banking cellular finance financial services funds industry mcommerce mobile money nokia money operators payments transactions transfer vendors

Mobile Money Order, Mobilink and Pakistan Post

3 years ago

by Ammar in Pakistan, Technology, Telecom

Mobile-Commerce is still in its experimental stage in Pakistan. There are hardly a few services to be named in this domain. Mobilink, an ORASCOM Telecom company based in Pakistan, has teamed up with Pakistan Post to launch Pakistan’s first Mobile Money Order service.

Using the service, Mobilink subscribers can send and receive amounts of upto Rs. 10,000/- across the entire country via SMS. But it is not as easy at it seems. You still have to go to authorized Pakistan Post Office branches and fill out a form after which, within 24 hours, this transaction may take place between two Mobilink subscribers.

Nevertheless, I believe such initiatives should be appreciated and encouraged to enhance Mobile commerce in Pakistan. I would also suggest that this service be extended to all other Mobile operators in Pakistan.

Chairman PTA, Dr. Mohammad Yaseen, also appreciated Mobilink’s innovative initiative at the inauguration of Mobilink’s new call center.