Bank AL Habib launch its POS acquiring business with Wemsol

Karachi: Bank AL Habib Limited recently announced the launch of its POS Acquiring business in an exclusive collaboration with Wemsol (Pvt.) Ltd., owned by the reputable Machyara group. Through this launch, Bank AL Habib has become only the fifth Bank in Pakistan to enter the Acquiring Business. The POS Acquiring business has been brand named as “Keenu”, which allows it to stand out amongst the competition.

Through this strategic collaboration, Bank AL Habib initially intends to penetrate major metropolitan cities and many rapidly growing cities such as Gujranwala, Jhelum, Daska, Quetta, Peshawar, Vehari, Sargodha, etc., which have substantial potential for growth. Significant opportunities exist to bring the customers in such cities into the financial system and enable them to use electronic banking channels for their financial needs.  

Bank AL Habib Limited does its business through a network of over 564 branches in Pakistan, and is the 7th largest Bank in Pakistan in terms of total assets and deposits.

Keenu is a payment network brand of Wemsol that offers one-window payment solutions. The company has three major offerings: Keenu Pay, Keenu NetConnect & Keenu Club, each of which is designed to facilitate merchants, telcos, financial institutions, and ultimately the end consumers. With safe and secure payment services, Keenu will help a business attract more customers.**