Khushhali Microfinance Bank begins digital account onboarding.

Khushhali Microfinance Bank Limited is playing a pivotal role in empowering the underprivileged masses to accelerate socio-economic growth and development of Pakistan. In compliance with the recent directives from the State Bank of Pakistan's (SBP), Khushhali Microfinance Bank has now deployed the most innovative technological solutions for enabling the customers (all resident-Pakistanis) to 'digitally' open their 'Asaan Digital Account' and operate it through contactless interactions, very conveniently and effectively. This account has no initial deposit requirement.

The customers can now open their 'Asaan Digital Account', while sitting comfortably at their home. They simply have to submit their basic details with Computerized National Identity Card (CNIC) number to register, on the website of Khushhali Microfinance Bank. It provides access to a complete range of financial services, on-the-go, round-the-clock, without visiting any bank branch. In the post-Covid-19 era, this new digital eco-system will help in enforcing the social-distancing protocols, while the digital ecosystem will ensure "Customer Due Diligence", to help the banks/MFBs in customer-identification and verification for better risk-management.

The President and CEO of Khushhali Microfinance Bank - Mr. Ghalib Nishtar stated that: "Being the largest developmental microfinance bank (MFB), we are delighted to have achieved another great milestone, as we continue to inspire Pakistan's banking sector to progress, in sync with the global digital revolution. Khushhali Microfinance Bank has also adopted the State Bank's new digital regulatory framework for customers'...