In a move to streamline salary disbursement of its workers from cash to digital branchless banking solution, Al Karam Textile Mills Pvt Ltd (AKTM) has partnered with U Microfinance Bank Limited (U-Bank) to provide factory workers a fast, safe and convenient channel to receive remuneration.
Speaking about this initiative, Mr. Zaid Kaliya, Chief Financial Officer, Al Karam Textile Mills stated “This partnership with U-Bank is a significant step towards bringing convenience to our employees, especially the blue collar workers and daily wagers who previously had to wait hours in a queue to receive their wages in cash. With this facility of salary disbursements 1,500+ employees benefited from this service by receiving their salary in a swift and timely manner.”
Ms. Ambreen Malik, Chief Business and Digital Officer U Microfinance Bank Limited added, “U Microfinance Bank aims to promote digital and branchless banking solutions to ensure our customers are able to benefit from a cashless and seamless banking experience. This partnership with Al Karam is another important step forward in furthering this mission.”