Business Desk 
Dec 23, 2024
In a bid to improve investor experience in Pakistan and widen its scope, Meezan Bank and Arif Habib Limited have jointly launched an innovative Instant Top-up Service for investors.
To formally observe this partnership, both financial institutions signed a Memorandum of Understanding (MoU) to introduce a remarkable solution in the sphere of banking in the country, according to ProPakistani.
In the presence of higher-ups of both organisations, the signing of the agreement was conducted by Arif Habib Limited CEO Shahid Ali Habib, and Syed Amir Ali, Deputy Chief Executive Officer of Meezan Bank.
Once effective, the Instant Top-up Service will allow Meezan Bank customers to instantly top up their Arif Habib Limited investment accounts using the bank’s Alternate Distribution Channels, including the Meezan Mobile App, Internet Banking, and ATMs.
Prior to the launch of this facility, investors relied on manual transfer of funds and proved deposits. Meanwhile, the Instant Top-up Service comes to automate this process, reducing the hectic process and time taken.
The implementation of this service will set aside manual deposits and proof requirements, catalysing fund management for investors in a faster and more efficient way.
