National Bank of Pakistan, NVTTC sign agreement

F.P. Report

ISLAMABAD: The agreement was signed by Mr. Mudassir H. Khan – SEVP / Group Chief Payment Services Digital Banking Group – NBP and Dr. Nasir Khan, Director General NAVTTC, in the presence of senior management of both sides including Mr. Zulfiqar Ahmad Cheema Executive Director NAVTTC, Mr. Azfar Jamal – EVP/Head – Innovation & e-Banking and other delegates. This initiative will bring convenience for the trainees of NAVTTC by enabling them to withdraw their monthly stipend amounts, anywhere any time, through more than 12,500 ATMs across Pakistan. Under this agreement, timely disbursement of monthly stipend will be ensured through NBP’s Digital Platform.

Mr. Zulfiqar Cheema stated that NAVTTC was delighted to enter into an alliance with NBP, which is the largest government bank in Pakistan. NAVTTC will continue with its efforts to facilitate the youth and create employment opportunities to eradicate poverty and promote economic progress of the country. He further continued that it is our mission to provide facilitation, direction, funding and an enabling environment for skills development in order to improve social and economic outlook of the country.

On the occasion, Mr. Mudassir H. Khan stated that the National Bank envisions’ to transform the country’s financial outlook by offering Payments/Collections Services to every Pakistani through all available digital payment channels in Pakistan. He further enlightened the importance of National Eco-system in partnership with leading players in the country to enhance the value for every citizen through financial inclusion, creating inter-operable digital solutions for general public to further boost financial inclusion resulting in inclusive growth.

Speaking after the ceremony, Mr. Azfar Jamal EVP / Head Innovation & e-Banking said that NBP would be issuing Union Pay branded Prepaid Cards to the students enabling them to not only withdraw cash from any ATM across Pakistan but also make payments at any Point of Sale merchant. This is a tailor-made transactional solution catering the requirements of NAVTTC clubbed with NBP’s unparalleled branch and ATM footprint across the length and breadth of the country. He further stated that more prepaid card variants for various target markets are being launched by NBP in the near future.

National Bank being one of the largest bank of Pakistan is operating with more than 1400 branches across Pakistan. In addition to core banking services the bank is a trustee of public funds. The bank has diversified its business portfolio and provides solutions in the debt equity market, corporate investment banking, retail & consumer banking including agricultural and government collections & payments.

NBP aims to evolve a National Payment Eco-System to facilitate the entire population of the country through every possible delivery channel on a 24/7 basis. Under this initiative the bank is already in process to enhance digital outreach through all available digital channels in the banking.