KARACHI: The United Bank Limited (UBL) has increased the per transaction amount of its popular online payment facility – UBL mPay, a move aimed at increasing user base and adding greater flexibility for customers who intend to carry out large value transactions.
How To Transfer Money From UBL Digital App To Another Account. This increased the per transaction amount by PKR 3 million.
In addition, the customer can also make instant online payments at UBL’s BankMobile kiosks across the country. The increased the mPay per transaction limit coupled with new ‘BankMobile Cash@Baraka’ feature has opened up greater scope for acquiring customers, according to the bank.
UBL mPay was launched in August last year and over the next few months the number of transactions via the service grew by more than 70 percent. The increased transfer limit is in line with UBL’s initiative to enhance mobile-based digital offerings and provide the best banking solutions to their customers.
UBL is Pakistan’s fourth largest banking group with over 12 million customers and a wide footprint in corporate, commercial and retail banking. The Bank’s latest initiative to cater to the demand of its customers is ‘BankMobile Cash@Baraka’ feature which can be used by the customer to carry out immediate fund transfers using their debit cards.
“UBL mPay users can now carry out the biggest bank payments in a secure manner. UBL mPay users can easily transfer cash in multiples of PKR 30 million at anytime and anywhere,” said Zafar Hijazi, UBL’s chief executive.
Earlier this month, UBL unveiled the online commercial banking solutions. These solutions are designed to enhance business banking experience for the Bank’s business customers. “The launch of UBL’s online commercial banking solutions is the most comprehensive, innovative and customer-friendly offering by any bank in Pakistan”, said Hamid Mukhtar, head of commercial banking. “This will be one of the most requested banking solutions amongst our valued commercial banking clients and will help in achieving UBL’s vision of a world-class financial services provider,” he said.
With this new online portal, businesses and their customers can perform several tasks like opening account, applying for overdraft, pay salaries, purchase equipment .