Zong Launches TimePey: Branchless Banking Services

 
Zong, in collaboration with Askari Bank, has today officially announced the commercial launch of its mobile financial services called “Time Pey”.
There is an event going on right now in Karachi Expo centre for the launch ceremony of Branchless Banking Services of Zong.
Zong, becoming the third cellular company to launch mobile financial services, has announced that it will debut branchless banking with following services:

• Mobile Account
  • Level 1 Account
  • Level 2 Account
• Person to Person Funds Transfer
• Bill payment
• Mobile Balance Top Up
• Business Solution:
  • Salary Disbursement Solution
  • Business to Consumer Payment Solution

Service Charges for Funds Transfer:
Zong is offering funds transfer service in following three modes:

• CNIC to CNIC
• Mobile Account to CNIC
• Mobile Account to Mobile Account
• CNIC to Mobile Account

Before going into details for transaction charges of Mobile Accounts, let’s compare service charges for CNIC to CNIC fund transfers:

Transaction Slabs (PKR)	Zong TimePey	Mobilink Mobicash	Telenor Easypaisa
0 – 1,000	Rs. 60	Rs. 60	Rs. 60
1,001 – 2,500	Rs. 120	Rs. 120	Rs. 120
2,501 – 4,000	Rs. 170	Rs. 180	Rs. 180
4,001 – 6,000	Rs. 230	Rs. 240	Rs. 240
6,001 – 8,000	Rs. 290	Rs. 300	Rs. 300
8,001 – 10,000	Rs. 350	Rs. 350	Rs. 360
10,001 – 13,000	Rs. 400	Rs. 400	Rs. 420
13,001 – 15,000	Rs. 450	Rs. 450	Rs. 480

All prices include taxes
Here are service charges for other services:

• Utility Bill Payment: Free
• Mini Statement: Free
• Balance Enquiry: Free
• Timepey Account Opening (Level – 0): Rs. 58
• Timepey Account Opening (Level – 1): Rs. 58
• Cash Deposit (For Timepey Account Holders: Free

Limits for Mobile Accounts:

• Level Zero Account:
  • Limit Per day: Rs 15,000
  • Limit Per Month: Rs. 25,000
  • Limit Per Year: Rs. 120,000
  • Maximum Balance Limit: Rs. 100,000
• Level One Account
  • Limit Per day: Rs 25,000
  • Limit Per Month: Rs. 60,000
  • Limit Per Year: Rs. 500,000
  • Maximum Balance Limit: Unlimited