ISLAMABAD, Feb 2 (Pakistan Point News - APP - 02nd Feb, 2017 ) : UBL Fund Managers Limited (UBL Funds) has signed an agreement with 1LINK (Guarantee) Limited (1LINk), the largest banking Switch in Pakistan, to facilitate investors through the launch of "UBL Funds-Online Investment" facility. Under this partnership, UBL Funds is enabled at 1LINK through which UBL Funds' investors can avail digital payment services over a period of time through 1LINK member banks, according to press statement issued here Thursday.
UBL Funds' Online Investment facility caters to investors who want to make subsequent investments online. Currently, the banks that have enabled UBL Funds' Online Investment facility on 1LINK are United Bank Limited, Bank Al-Habib Limited, Habib Metropolitan Bank Limited, FINCA Microfinance Bank Limited, Summit Bank and more banks being added subsequently. On the, UBL Funds' CEO, Yasir Qadri, termed this partnership as a "turning point for UBL Funds and how our customers invest with us.
" "With this strategic partnership, we aim to expand our scope of services for our valued customers. This will not only provide them convenience in terms of time and place, but will also further ease the process of investment," he added. Commenting on the agreement, Najeeb Agrawalla, CEO of 1LINK Guarantee Limited expressed the hope that with the increasing interest of consumers in the mutual funds industry, this partnership will open more avenues for both of the organizations to work mutually in strengthening the investment culture in Pakistan.
Under this facility, UBL Funds online users or mobile users need to generate a reference number which will be utilized for online transactions along with other relevant details. Once the investment account is made, making additional investments is very simple and efficient, with just a few clicks. The launch of UBL Funds Online Investment facility is in line with the company-wide Go Green initiative. In order to drive paperless means, UBL Funds has shifted focus onto technological innovation.
Online access, SMS, recorded telephone services, and ATMs are also among the modes of convenient, paperless investing that clients enjoy. UBL Funds also recently launched the first Mobile Application in the AMC industry, allowing clients to view their investment portfolios and transact on-the-go. Not only does this make transacting easier, but it also has the added benefit of reducing carbon footprint, allowing for more environment-friendly, paperless, at-your-fingertips avenues to invest.