Even though Cash-on-Delivery (COD) payment methods continue to remain widely popular in Pakistan and account for more than 95 percent of online purchases, other promising initiatives such as branchless banking (Telenor's Easy Paisa, Zong and Askari Bank's Timepey, Mobilink's Mobicash etc.) and Inter Bank Fund Transfer
(IBFT), are also underway.
In recent months BB players have increasingly moved to the connectivity with payment infrastructure especially linking the wallets of their customers and agents to ATM switches and IBFT (Inter Bank Fund Transfer
an online real - time connectivity).
Easypaisa a joint venture of Telenor Pakistan and Tameer Microfinance Bank recently launched Inter Bank Fund Transfer
(IBFT) service which now connects the unbanked directly to the banking infrastructure by enabling them to send and receive money on their Mobile Accounts and through OTC services.
He said that Tameer Bank through Easypaisa has announced the availability of its Inter Bank Fund Transfer
(IBFT) service to enable customers to transfer funds between a number of banks via the 1-link switch.