Telenor, one of Pakistan’s largest mobile operators with 150 million mobile subscriptions and a workforce of approximately 32,000 has introduced people to new modes of interaction with Financial Institutions through technology based delivery channels such as Mobile and Branchless Banking.
Like any other industry, opportunities and challenges in the Telecom Industry are equally predominant. The Telecom Industry in Pakistan has gone through an unprecedented growth in the last few years with the number of subscribers multiplying every passing day. For a company like Telenor, to remain Pakistan’s premium and most preferred telecom company, a solution was needed that allowed mobile services be available at close hand for its customers.
Magic Box 2 comes as a standalone device built on Android OS and is easily portable. It has a touch screen tablet or a handset and contains the Biometric capability for verifying a person’s identity. The device is capable of accepting CNIC cards right within its system and reading barcode data from the CNIC picture. This data is then sent to NADRA for verification. With this cutting edge technology, retailers have become a fully equipped mobile outlet, ready to offer a range of products and services anywhere, anytime. Each retailer is trained to operate the equipment and is given access to a helpline for their support needs. The retailer gets his deserved commission that is posted to his account, soon after the transaction is carried out. All the transactions are logged in to the system, which are used afterwards for Reporting, Invoicing and Reconciliation purposes.
Point of sales systems such as Magic box 2 has the capability to revolutionize the telecom industry. This magic box can easily be customized depending on varying needs and emerging trends within the telecom sector. The magic of fine engineering implemented on a black box, allows unlimited opportunities for all Telecom companies to offer mobile services to the far corners of Pakistan and win loyal clientele for their business.
Magic Box 2 is a unique and innovative Point of Sale (POS) device that automates business processes.
The EOBI Pension Disbursement System has empowered and benefited insured persons and their survivors in numerous ways.