National Bank of Pakistan has signed an agreement with Public Service Commission of KPK to digitize Examination Fee on 3rd October 2017. The agreement was signed by Mr. Saeed Ahmad – President & CEO NBP and Mr. Fareedullah Khan, Chairman KPK-PSC, in the presence of senior management of both sides including Mr. Mudassir H. Khan – SEVP/Group Chief-Payment Services & Digital Banking Group, Mr. Azfar Jamal – EVP/Head – Payment Services & E-Banking, Mr. Muhammad Azam Khan, Chief Secretary KPK and other delegates. This initiative will bring convenience for the applicants of KPK-PSC by enabling them to deposit Examination Fee through digital payment channels including branchless banking infrastructure of Jazzcash and Easypaisa.
Speaking at the ceremony, Mr. Saeed Ahmad – President & CEO NBP stated that the capabilities of technology have opened new horizon in all fields. Banking services are now expected to be available anytime, anywhere. Over the past few years, digital transactions are rising in leaps and bounds. We expect this trend to continue and accelerate. As a consequence, our services should be changing rapidly. And Digitalization of KPK-PSC is another step in this direction.
Mr. Saeed Ahmad further added “I commend the latest initiatives taken by the Government of KPK to create convenience for citizens. Revamping of KPK website to facilitate functioning of Form E1 is one example. Now Public Service Commission KPK will create a portal to facilitate payment by ADR. Today’s event is a big step in that direction.”
Mr. Fareedullaah Khan said that “The initiative is for youth who are keen in taking PSC exams and to facilitate convenience in payment of fees. He thanked NBP to reach this point that we are signing an agreement between both organisations.” He thanked the management and in particular NBP’s President Mr. Saeed Ahmad for visiting Peshawar to sign the agreement.
NBP President & CEO emphasized that “Digitization of Job Portal opens doors to many new initiatives in ADR. At NBP we regard ADR as “Mutabadal Nizam-e-Adaigee”. The real future of financial transactions lies in P2G, G2P, P2P, P2B and so on. At NBP a new department has been created called “Payment Services and Digital Banking” just to cater for these Services. The benefits of this initiative include Ease of doing transactions efficiently, with transparency and cost effectively. Thereby eliminating the Middle man and abolition of Corruption.” Mr. Saeed Ahmad emphasized, “The use of algorithms to develop pattern of customer behaviors will help in effective planning of product and services and credit approvals. Banks need to create awareness amongst users through clear and easy instructions, training of bank staff and regularly keeping the technology up to date along with regular Quality Assurance surveys.
Mr. Mudassir H. Khan SEVP / Group Chief PSDB – NBP, said that “The Digital Financial Services industry in Pakistan took its first step back in 2009 and has now reached a stage where it needs to be taken to the next level. NBP is aggressively working to digitize services through partnerships with Mobile Money platforms and Government Institutions; we are setting the goal of financial inclusion in its true sense and will create the right environment for inclusive growth in the country”.
The service will be provided by NBP through its M-wallet accounts and 30,000 branchless banking agents of Easy paisa and Jazz Cash.