Allied Bank Limited has inked a Technology Support Agreement for the deployment of mobile banking services with Sybase and Abacus Consulting, said a statement issued here today.
Sybase is a SAP Company with expertise in mobile commerce services while Abacus Consulting will help Allied Bank in adapting the technology for mobile financial services.
The deal was closed at the Head Office of the Bank today.
Khalid A. Sherwani, President/CEO, Jalees Ahmed, Executive Director – Strategic Planning, Zia Ijaz, Group Chief – Commercial & Retail Banking & Mujahid Ali, Group Chief – Information Technology from Allied Bank, Asad Ali Khan, President & Abbas Ali Khan, Senior Partner from Abacus Consulting and Hasan Jamal, Country Head – Pakistan from SAP were present on the occasion along with other officials.
Pakistan happens to be one of the fastest developing markets in the world for mCommerce and these services will create opportunities of unprecedented scale for bank customers. Allied Bank’s decision to deploy mCommerce solution will enable it to offer mobile phone based financial and non-financial services to its customers.
On the occasion, Sherwani commented “Allied Bank, being one of the largest banks in Pakistan, has been capitalizing on technology to provide fast and cost efficient services to its customers. The imminent implementation of mCommerce solution would further enhance Allied Bank’s capacity to extend its services to wide range of banking customers and help in extending financial inclusion to the hitherto untapped market segments”.
Asad A Khan of Abacus Consulting commented “We are pleased to be a part of this goal in transforming the financial ecosystem in Pakistan in partnership with Allied Bank. At Abacus Consulting, we are fully committed to leverage our vast knowledge in the field of mCommerce. Our on ground team of experts in the field of mCommerce combined with senior management’s robust efforts for client satisfaction shows our seriousness towards developing mCommerce and mBanking in Pakistan”