Jingoism

Tag: bank

Payoneer No Longer available in Pakistan

by on May.05, 2010, under Criticism, E-Banking, Pakistan, World

Somebody just shared the following post on the facebook.

http://ehelper.info/payoneer-no-longer-available-in-pakistan-–-change-in-regulations/comment-page-1

I couldn’t stop myself clarifying this as per my little experience. This is indeed very depressing but things aren’t similar to what has been shown in that post.

I have been into the e-payment industry for about 3 years now which is being regulated by a dedicated E-Banking Team of State Bank of Pakistan(SBP). SBP, being one of the best and strict regulatory body of the world, keeps a very strong eye on these financial institutes.

I won’t disclose the names but yes, AML has been working with different financial institutes to incorporate processes that can eliminate the money laundering activities. SBP has been quite vigilant about the movement of funds and has been working with AML to avoid fraudulent transactions.

A country where almost all famous intl. payment services (like paypal) are avoiding to serve. This could be another discriminative step by US Govt as currently a great deal of freelancers were accepting through payoneer card. This would affect masses and eventually benefit the other freelancers in this region including India & Bangladesh.

Instead of protesting against the current govt. raise your voice to bycott American influence and their products. Hit them the way they are hitting us! They aren’t our friends neither can think good for us!

This is just an eye-opener.

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ATM Thefts

by on Apr.02, 2009, under E-Banking, life

Till now everyone of us must have been the viewer of two unleashed videos of recent ATM Theft. I really felt so sad about the poor ones who actually got robbed this way. Specially the guy who literally fell on the floor due to the feeling of sheer helplessness.

It is fact that the number of transactions is increasing every day and such incidents can’t really stop people doing Transactions on the ATM. However the scary feeling would still be on top the of their head while using an ATM even if they just had to do a Account Balance Inquiry =D

Any how, being (proudly saying) the part of team who is literally running 80% of the E-Banking of Pakistan, I got the chance to visit a few ATM’s of different Banks. I would like to share some of the precautionary measures that should be kept in mind to save ourselves from incidents like what we have seen in the videos.

– Choose an ATM that is surrounded by acceptable crowd.
– Avoid doing transaction in late timings i.e. after 8
– If ATM is situated inside the room, it is permitted to lock that room from inside while doing the transaction. (This lock is usually at the top of glass door). So lock it when you know it can be dangerous.
– Avoid having high cash withdrawal limit per day (as it may cause you a bigger loss)
– Use your ATM/Debit Card as your wallet and avoid keeping huge amounts in your Account that is linked with your Card
– Never write your PIN Code any where (neither on your ATM Card nor on any Paper that resides in your wallet)
– And in the last in case your Card is lost/snatched call the Bank Call Centre to which that card belong, and BLOCK it right away.

That’s all I could add in your information. May Allah protect us from all such robbers and give the robbers ‘hidayat’ about this act, and last of all give courage and strength to our Police Officers to protect the citizens from these horrible incidents.

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Tour de Khartoum – I

by on Aug.10, 2008, under appreciate, Career, E-Banking, life

This is the 5th Day of mine in Khartoum, and still I didn’t find any reason to hesitate in coming here. People living over here are almost like any other country having Arabic culture. Its just the matter of adjusting your self into it let your self enjoy. The Grand Holiday Villa Hote, that i am living in is really good but expensive as compare to the other goods being sold out in the market.

And the very sad thing is, even the internet that is available through wifi is paid. I have to buy an internet scratch card every day as the scratch card gets expired after 24 hrs from the first login. This is what we call 101 ways of earning money =P

Any how the deployment process is going perfectly okie. One of the Bank is completed successfully and the other one needs to have everything tested before I say its completed =). BSSS people are really good in gettings things done in an efficient manner since they have co-operated me to work in the week holidays and even consulted with the Bank Personnel to come in the off timings.

That’s all from my Tour De Khartoum – I. Let’s see what comes in the next volume of it! =) ciao~

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