U Microfinance Bank Limited

[image]. U Microfinance Bank Limited. Company Profile.

ABOUT US. U Microfinance Bank Ltd. (U Bank) is a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group (previously known as Etisalat Company). The bank has a network of more than 230 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of UPaisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 50,000 agent locations across Pakistan. U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation of National Financial Inclusion Strategy 2020 that aims to bring 50% of Pakistan’s adult population into banking net. At U Microfinance Bank, we firmly believe that access to microfinance services contribute significantly towards building a more inclusive society leading to bringing the underserved population into banking net as well as help document the informal economy. Our product portfolio is designed to continuously create livelihoods for the underserved population of Pakistan and bring betterment to their lives..

OUR VISSION & CORE VALUES. Our Vision Driven by the passion for disruptive innovation and the desire for financial inclusion, we aim to become the problem solver and enabler to Pakistani microfinance ecosystem..

ABOUT U BANK ISLAMIC BANKING. U Microfinance Bank (U Bank) has established a dedicated Islamic Banking division that is committed to providing customers with banking services that align with Islamic principles. U Bank is one of the first microfinance banks in Pakistan to offer enhanced financial products and services catering to the specific segment of society seeking banking services designed within the parameters of Shari’ah rules and values. U Bank Islamic Banking provides a comprehensive suite of tailor-made, innovative, and reliable Shari’ah-compliant financial solutions to its customers. These solutions include financing facilities for housing, business, and agricultural needs, with amounts of up to PKR 3 million, along with Current, Savings, and Term Deposit account services. The complete product portfolio offered by U Bank Islamic Banking is developed and approved under the guidance of the bank’s dedicated Shari’ah Advisor. This expertise enables us to deliver competitive Islamic Banking services to our valued customers and further our efforts towards achieving financial inclusion in Pakistan. U Bank Islamic Banking was initially piloted at the beginning of 2022 with 5 branches. By the end of the year, U Bank had received its commercial license from the State Bank of Pakistan (SBP) to officially launch Islamic Banking nationwide..

upaisa. upaisa is the branchless banking service of U Bank and Ufone (PTML). upaisa, a mid-2013 launch, has grown swiftly to become one of the major participants in the local branchless banking industry. upaisa services are offered in more than 55,000 locations in Pakistan, including PTCL (Joint Shops), Ufone franchises, upaisa agents, and U Bank offices. upaisa offers: Utility bill payment Domestic Remittances and Transfers Funds disbursement and donations collection Mobile Load and bundles Interbank Fund Transfers Cash Deposits and Withdrawals (for MW) Mobile accounts Fees, Premium and Loan Collection Services Innovative ATM/Debit card-based products Ticketing Insurance Payments Loan Disbursement And many more….

[image] Global Business Outlook. AWARD & RECOGNITION.

LENDING PRODUCTS. Gold Loans Karsaz Gold Loan Sunehra Sarmaya Loan Business Loans Bank Guarantee Barhta Karobar Loan Sarmaya e Taleem Khud Mukhtar Loan General Purpose Loans Laptop & Mobile Financing U Bank Running Finance Tankhwa Loan Pension Loan Agri Loans Livestock Loan Tractor & Equipment Loan Agricultural Loans – Zarai Qarza & Agri Passbook Loan Vehicle Loans Commercial Vehicle Financing Motorbike Loan Home Loans U Bank Home Loan Mera Ghar, Mera Ashiana Climate Financing Solar Financing Women-Centric Products Shana Bashana Loan U Bank Scooty Financing.

DEPOSIT PRODUCTS. Current Account U Bank Cash Back Salary Transfer Account U Bank Cash Back Asaan Salary Transfer Account Premium Current Account Business Current Account UPaisa Karobar Mobile Account Saving Account Mehfooz Bachat Account Corporate Saving Account Rehnuma Bachat Account Rozana Munafa Bachat Account Term Deposit Corporate Term Deposit Sila Term Deposit Samar Term Deposit.

OTHER PRODUCTS. Insurance Sehat Tahafuz Corporate Banking Corporate Portal Digital Banking Branchless Banking Sehat Tahafuz Plus Transaction Banking & Cash Management Corporate Banking UPaisa Mobile App U Bank Digital App U Bank Internet Banking U Bank Debit Card Corporate Portal Digital Loan Acquisition Application Asaan Mobile Account RAAST.

REMITTANCES. Home Remittance Accounts U Remit Partners IBAN Generator Sohni Dharti Remittance Program U Remit Promotions.

U Bank Remittance Advantages. Non Exclusive Our partners have the flexibility to work with multiple service providers.

paisa u Promotions money KE SATH UAE KISI BE pasa ACCOUNT u MEIN PAYMENT REGEVE Now receive payments from UAE and abroad via IJPaisa_ In order to increase your limits for International remittance, upgrade your account to II-HRA. Terms and Condition applies.

“U Bank is super innovative to develop different Software Platforms & Products on our own. U Bank is passionate about Innovation and promoting the Digital channels”. In House technology team with deep domain knowledge Proprietary systems run on state-of-the-art technology platforms Efficient, reliable and comprehensive end to end system Enhanced data capturing and retrieval tools.

U Bank complies with the guidelines stipulated by Local all Major International regulatory organizations to fight against money laundering and terrorist financing, including but not limited to: 1) FATF (Financial Action Task Force) 2) UN and EU Sanctions 3) OFAC (Office of Foreign Assets Control) Step by Step Process Flow: 1) Every transaction goes through a real-time scan against a comprehensive sanction’s listings 2) System in-built with a comprehensive risk-based AML monitoring solution 3) Enhanced Due Diligence for high-risk transactions, partner to seek details from customer, before final processing..

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