Pakistan Post, a state department, has announced the launch of Electronic Money Order service that will allow the masses to transfer funds up to Rs. 100,000 in matter of seconds. Conventional money order service used to take few days for delivery however this new revamped service from Pakistan Post is said to be as quick as any other mobile banking solutions, such as EasyPaisa or UBL Omni.
Pakistan Post Electronic Money Order service is started as a pilot project in eleven cities (mentioned below) involving 17 GPOs (General Post Offices), where individuals can send and receive their payments instantly. It is said that service will be stretched to more cities in coming time.
Pakistan Post, which operates with losses in terms of business, was previously partnering with Mobilink for a similar kind of service where it used mobile phones for instant transferring of funds. But now, reportedly, Pakistan Post will use internet for immediate transfer of money.
It is unclear so far if these service charges include taxes or not. We will confirm you on this as we hear back anything from Pakistan Post.