Islamabad :Special Communications Organization (SCO), in collaboration with Bank Alfalah today announced the launch of S-Paisa Mobile Wallet, offering affordable and convenient mobile money solutions all over Pakistan and in Azad Jammu & Kashmir through a handy mobile wallet in SCO Alfa app.
SCO has over four decades of experience across Pakistan and well-established distribution channels in Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB). Through the recent partnership with Bank Alfalah, SCO is strengthening its mobile financial services footprint and providing greater convenience to citizens in Pakistan’s remotest regions.
Commenting on this revolutionary initiative, DG SCO, Maj Gen Ali Farhan HI (M) said “We believe that everyone can benefit from having digital convenience and affordable access to mobile financial services in particular to help them take control of a very important aspect of their lives – their personal finances. In a country with high Smartphone penetration and government’s continued encouragement towards building a paper currency free society, services in the form of S-Paisa mobile wallet could really be a game.”
S-Paisa mobile wallet at Alfa App is an easy and secure way to store and manage cash from your mobile device. This convenient e-money solution is aimed at serving the under-banked segments of AJ&K, GB and rest of Pakistan such as youths, low-income earners, and migrants. It is easy-to-use, secure, offers greater benefits with increased usage, and lets customers take charge of when, where and how they handle their cash. Integrating this service with Bank Alfalah’s Alfa app provides a robust foundation and increases the reliability of S-Paisa’s services.
Sarosh Hina, Director Marketing & Financial Services added, “S-Paisa Mobile Wallet makes money transfers easy and convenient, not limiting customers to particular outlets, locations and operating hours and most importantly, it is safe as it mitigates the risk of physical presence during the pandemic days. We see this adding value to SCOM users who often perform remittance transactions from an official based in AJ&K to migrants sending money in remotest areas of GB from rest of Pakistan and to parents with children studying in metropolitans. There is a wide user base that can benefit from this service.”
Atif Bajwa, President and CEO Bank Alfalah also added, “We are very pleased to bring the capabilities of Alfa to use for the SCO. This integration is another step in widening the net of financial inclusivity across Pakistan, and giving every consumer greater visibility and control over their finances. Digitization and automation are becoming key focus areas in today’s time, and such strategic partnerships will facilitate an environment which can cater to the evolving needs of our customers.”
The Alfa App is open to subscribers from any mobile network operator and supports all smartphone types, and is available on Google Play Store and Apple store for Android and iOS devices respectively. SCO’s official website and Facebook pages carry more information. Opening a new S-Paisa account through the Alfa app is also a simplified process where customers only require a mobile number and CNIC for registration. A One-Time Password (OTP) is sent to the registered mobile number and automatically fed into the app. Customers enter their desired PIN and use it to log on to the application.
Opening a new S-Paisa Account through the Alfa App is a simple process where the customer registers with their mobile number and CNIC upon which a One-Time Password (OTP) is sent to their phone and fed into the App automatically. Customers then enter the desired PIN and use the same to login to the application. A simplified procedure is under:
Registration
- Download Alfa App from Google Play Store
- Sign in as new customer (App available for all mobile users)
- Complete Online Verification Procedure