Money transfer through mobile phones

The Pakistan Post will soon introduce the scheme of money transfer through mobile phone services, said the Director-General Pakistan Post, Arshad Khan, on Monday.

The DG Pakistan Post chaired the meeting of Pakistan Postal Services Management Board at the office of Postmaster-General, Sindh, which was especially addressed by Federal Minister for Communications Barrister Habib-ur-Rahman who, in his address, gave his guidelines for improving postal services in the country.

Khan said the meeting was especially held in Karachi keeping in view the city’s importance as the hub of financial, trade and market activities. The meeting of Postal Services Management Board approved, in principle, to launch the scheme of money transfer through mobile phones in collaboration with the operators of telecommunication services in the private-sector.

He said that, at present, the Pakistan Post was undertaking negotiations with various providers of mobile phone services in the country for launching of the unique money transfer service. He said that initially the money transfer service would be provided in the major cities only and later on its services would be extended to smaller cities for the benefit of the customers of postal services.

The DG said that once Pakistan Post signs an agreement with the private-sector service-providers to launch the money transfer scheme, he would be in a better position to tell as to when the Post Office would start providing the service.

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