KARACHI – Focusing on Financial Inclusion objectives and working closely with SBP, PTA, Telecom Operators, VRG being the first PSO/PSP jointly licensed company of Pakistan has cemented its position of providing Many-to-Many financial services platform. Revolutionizing the destinies of tens of millions of Pakistanis, almost 80% of the adult population without bank accounts, it creates a vast change in their lives.
Speaking at VRG Headquarter during the celebrations getting to the 1 million connections, with 11 million transactions worth over Rs 6.2 billion turnover, Salman Ali, COO – VRG, said, “Reaching this milestone is offering financial services to masses & facilitating the poor by bring the digital payments into their lives”, unquote.
Asaan Mobile Account (AMA) scheme will play a vital role in Pakistan for financial inclusion by allowing any person with a feature or smart mobile phone to open a digital transaction account swiftly through a USSD code “2262” from anywhere at anytime. The landmark of 1M+ Asaan Mobile Account has been achieved without any marketing; it’s just via a word of mouth which shows the acceptability and ease of use. The commercial launch is pending subject to a court case decision. The court decision usually takes in 90 days, nearly 250+ days has already passed, since the judgment reserved which one understands is due to a huge backlog of cases. The expectation is that in the greater public interest effecting the lives of tens of millions of poor people, the Honourable Court will give a decision soon. VRG expects that by the end of the year there will be 5 Million AMA accounts and by March 31, 2022 at least 10 million more.
