Telecom News Bulletin

First SMS-based Secure Mobile Payments System Launched

Chairman Pakistan Telecommunication Authority (PTA), Dr. Mohammad Yaseen inaugurated Pakistan’s first SMS-based Secure Mobile Payments Technology, at a launch event hosted by AKNMTECH, a Mobile Value Added Services Provider. PTA ICT Directorate and AKNMTECH have ventured upon this enterprise to provide financial management empowerment to the consumers, thus providing them with the fiscal flexibility and confidence of conducting theirbanking transactions reliably through their mobile phones using simple medium of SMS. Furthermore this platform proposes a harmonious uniformity wherebybanking and telecom institutions can integrate their respective services to it and further enrich the service quality for their consumers. It provides an engaging, efficient and secure platform for mobile andbanking services providers to offer to their customers a true “Anywhere, Anytime” mobile banking experience.

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