Branchless banking is the delivery of financial services to customers outside conventional bank branches, often using agents and relying on information and communications technologies to transmit transaction details – typically card-reading point-of-sale (POS) terminals or mobile phones. Pakistan is one of the fastest developing markets for Branchless Banking in the World. Branchless Banking regulation was first introduced in Pakistan in April 2008 by SBP. In the first quarter of the financial year 2020-21 there were 58.14 million branchless banking accounts in Pakistan.
In order to provide convenience to its valued customers, Dollar East Exchange has made arrangements with and 1Link to offer branchless banking services. The services offered under branchless banking include Bill Payment Service, Inland money transfer, cash-in and cash-out in branchless accounts.
Customers can now enjoy the fast, convenient and reliable services of Dollar East for paying their utilities, telephone, internet and mobile phone bills. This service is available at all branches of Dollar East Exchange. The customer receives a stamped receipt and confirmatory SMS after every transaction.
If customers want to send monthly expense to their family, or a payment to business partner, or to help a friend in need; they can easily do this using the Dollar East service. Money can be sent to any customer in Pakistan having a valid CNIC. The sender and receiver also need to have active mobile numbers.
Customers can deposit or withdraw cash to/from their Branchless Banking accounts
using the services of Dollar East Exchange.
