Friday, February 3, 2017

UBL, 1LINK sign agreement for online investment

UBL Fund Managers Limited (UBL Funds) has signed an agreement with 1LINK, the largest banking Switch in Pakistan, to facilitate investors through the launch of ‘UBL Funds – Online Investment’ facility. The launching ceremony was held at UBL Funds’ Corporate Office in Karachi.
Under this partnership, UBL Funds is enabled at 1LINK through which UBL Funds’ investors can avail digital payment services over a period of time through 1LINK member banks. UBL Funds’ Online Investment facility caters to investors who want to make subsequent investments online.
Currently, the banks that have enabled UBL Funds’ Online Investment facility on 1link are United Bank Limited, Bank Al-Habib Limited, Habib Metropolitan Bank Limited, FINCA Microfinance Bank Limited, Summit Bank and more banks being added subsequently.
On this 
auspicious occasion, UBL Funds’ CEO, Mr. Yasir Qadri, termed this partnership as a “turning point for UBL Funds and how our customers invest with us.” He further stated, “With this strategic partnership, we aim to expand our scope of services for our valued customers. This will not only provide them convenience in terms or time and place, but will also further ease the process of investment.”
Najeeb Agrawalla, CEO of 1Link Guarantee Limited, also commented saying, “With the increasing interest of consumers in the mutual funds industry, we are hopeful that this partnership will open more 
avenues for both of the organizations to work mutually in strengthening the investment culture in Pakistan.”
Under this facility, UBL Funds online users or mobile users need to generate a 
reference number which will be utilized for online transactions along with other relevant details. Once the investment account is made, making additional investments is very simple and efficient, with just a few clicks.


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