Bank Transfer (PK)
Local banks in Pakistan, such as Habib Bank Limited (HBL), United Bank Limited (UBL), Faisal bank, Alfalah, and Meezan Bank play a crucial role in enhancing the digital payment ecosystem. Their contributions are multifaceted, focusing on innovation, security, and customer engagement.
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Reasons for Popularity
HBL has launched its mobile application, "HBL Mobile," which offers features like instant fund transfers and online account opening. With over 2 million registered users, it significantly contributes to the digital banking landscape by providing user-friendly services tailored to customer needs.
UBL's "UBL Digital App" provides a seamless online banking experience for over a million users. The bank has integrated features like biometric authentication and an AI-powered chatbot for customer support, enhancing user experience and security.These banks focus on ethical banking practices and adheres strictly to Islamic laws, which resonates with financially conscious customers
