This allows individuals to use services such as utility bills payment, domestic remittances, and a deposit account (M-wallet) by visiting their nearest EasyPaisa authorized shop, Telenor Franchise, Telenor Sales & Service Center or Tameer Bank branch. Tameer has utility bills payment arrangement with nine utility companies. Tameer has opened over 25,000 Branchless Banking customers accounts.
Cumulative volume of transactions of Branchless Banking services till the end of March 2010 is over Rs. 4 billion with over 1.3 million transactions. Going forward, Tameer will also introduce foreign inward remittances. 14. The third model is led by commercial banks. MCB Bank is currently providing both transactional and non-transactional services through mobile phones to its registered customers.