SCO achieves another milestone towards the provision of AMA scheme

RAWALPINDI:   (Parliament Times)  Special Communications Organization (SCO), one of the leading digital
communications service provider of Azad Jammu & Kashmir (AJ&K) and Gilgit Baltistan
(GB) and Virtual Remittance Gateway (VRG) Pakistan signed an agreement for launching
digital payment products & services and Mobile Wallet for S-Paisa customers in AJ&K and
GB. The signing ceremony was held at HQ SCO and was attended by SCO and VRG
representatives.

By signing this contract SCO has achieved yet another milestone towards the provision of AMA (Asaan Mobile Account) scheme that is a main focus of SBP’s National Financial Inclusion Strategy (NFIS). This will also facilitate the poor and marginalized sections of the society towards adopting digital payments and would be able to connect to any Bank by using just a feature phone even with 2G coverage.

Signet to this, it will also enable SCO to launch innovative products & services not only for its niche but for a broader market segment thereby contributing effectively and efficiently towards the economic development of the country.

Note for Editor

(a)       About, S-Paisa

Special Communications Organization (SCO), in collaboration with JS Bank launched its financial services by the name of “S-Paisa” in 2019. This is the first ever GSMA mobile money certified services in the Azad Jammu and Kashmir (AJ&K) and Gilgit Baltitan (GB). Initially, launched as a money transfer service, S-Paisa empowers underserved masses by bringing convenience and freedom to their lives.

 

 

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