Comments on: The Dawn of E-Commerce in PK — UBL Orion (built by Techlogix) http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/ Coffee Sessions for the Industry! Sat, 12 May 2012 08:39:15 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Waqar http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-193586 Waqar Sat, 08 May 2010 08:20:20 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-193586 I think USSD base Branchless Banking is much secure and easy as compare to the sms base. Telenor Pakistan and Tameer Bank are first entity who introduced the concept of Branchless Banking using USSD channel in Pakitan. It is easy to pay utility Bills, Transfer money from your mobile. View your account balance using M-Wallet account any many more facilities I think USSD base Branchless Banking is much secure and easy as compare to the sms base. Telenor Pakistan and Tameer Bank are first entity who introduced the concept of Branchless Banking using USSD channel in Pakitan. It is easy to pay utility Bills, Transfer money from your mobile. View your account balance using M-Wallet account any many more facilities

]]> By: Akber Ali Khan http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-144319 Akber Ali Khan Fri, 25 Sep 2009 11:58:03 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-144319 Branchless Banking using SMS technology is not secure, especially if SMS contains PIN or any other personal information. By and large, security of mobile transactions revolve around 2-factors - something I have and something I know, like in case of ATM transactions the plastic card and PIN make the transaction secure. The problem with SMS is that my law, SMS cannot be encrypted and secondly, telecos employees have access to SMS database. In fact, telecos are by law required to maintain records of all SMS being routed through the network. Branchless Banking using SMS technology is not secure, especially if SMS contains PIN or any other personal information. By and large, security of mobile transactions revolve around 2-factors – something I have and something I know, like in case of ATM transactions the plastic card and PIN make the transaction secure. The problem with SMS is that my law, SMS cannot be encrypted and secondly, telecos employees have access to SMS database. In fact, telecos are by law required to maintain records of all SMS being routed through the network.

]]> By: Kabeer http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-53350 Kabeer Thu, 06 Nov 2008 07:14:25 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-53350 I asked banks and other promoters of mobile banking about how secure it really is to use your cell phone to check balances, transfer funds, pay bills and perform other financial transactions. Without exception, they mentioned how quickly people tend to notice a missing cell phone -- some said 18 minutes, some said 38 minutes. That, they said, narrowed the window in which an evildoer could access a mobile-enabled account. At this point, of course, there's not much a bad guy could do with my mobile-bank connection. As the banks like to say, he'd see about the same amount of information he'd get from picking up an ATM receipt.But in pakistan one should be well aware of the security issues. I asked banks and other promoters of mobile banking about how secure it really is to use your cell phone to check balances, transfer funds, pay bills and perform other financial transactions.

Without exception, they mentioned how quickly people tend to notice a missing cell phone — some said 18 minutes, some said 38 minutes. That, they said, narrowed the window in which an evildoer could access a mobile-enabled account.
At this point, of course, there’s not much a bad guy could do with my mobile-bank connection. As the banks like to say, he’d see about the same amount of information he’d get from picking up an ATM receipt.But in pakistan one should be well aware of the security issues.

]]> By: Tahir http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-13784 Tahir Thu, 10 Jul 2008 09:20:32 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-13784 i think there is no such great benfit of this service. This is a useless service in my opinion. i think there is no such great benfit of this service. This is a useless service in my opinion.

]]> By: Zohare http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-7511 Zohare Fri, 08 Feb 2008 06:07:27 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-7511 Does anyone know the capitalization of Orion and whether it has private investors as well as UBL itself? Does anyone know the capitalization of Orion and whether it has private investors as well as UBL itself?

]]> By: Tauseef http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-6943 Tauseef Tue, 22 Jan 2008 10:23:03 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-6943 Well Its great News that UBL launch Mobile banking in Pakistan .. Good Luck Orion Operation Team (I am a part of this team cheers !!!!!) Well Its great News that UBL launch Mobile banking in Pakistan .. Good Luck Orion Operation Team (I am a part of this team cheers !!!!!)

]]> By: Umer http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-3238 Umer Tue, 28 Aug 2007 06:00:37 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-3238 @ "the offering has to enhance penetration from “my bank customers” to “all cell phone users”. Up until that barrier is crossed, this will remain a novelty." Orion is exactly that! It is targetted for all cell phone users. You dont need to have a UBL account. If you have one, you get more features, but the basic ones work without an account in the bank. @ “the offering has to enhance penetration from “my bank customers” to “all cell phone users”. Up until that barrier is crossed, this will remain a novelty.”

Orion is exactly that! It is targetted for all cell phone users. You dont need to have a UBL account. If you have one, you get more features, but the basic ones work without an account in the bank.

]]> By: Shahid http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-2254 Shahid Wed, 25 Jul 2007 05:40:19 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-2254 Cell phone banking promises to be the new frontier of consumer banking. It is not all new as it has been around in Phillipines and South Africa for years. Globally there are two models, the Bank led model and the Telco led model. The new draft regulations for Branchless banking circulated by SBP decidedly favor the Bank led model. The UBL initaitive deserves all the kudos. While the other big boys have been content with sitting on their lazy behinds raking in easy float money, UBL has been innovating. There are some very basic flaws in the overall offering, but that is to be expected in a pilot. Essentially, this market space is going to heat up, a lot, over the next 2 -3 years. To make any meaningful dent in the overall banking picture, the offering has to enhance penetration from "my bank customers" to "all cell phone users". Up until that barrier is crossed, this will remain a novelty. As with all things, real innovation is hard to come by on a full stomach, look for hungry new entrants, as in the telecom industry worldwide, who will use vision, technology and innovation and eat the lunch of the fatties Cell phone banking promises to be the new frontier of consumer banking. It is not all new as it has been around in Phillipines and South Africa for years.

Globally there are two models, the Bank led model and the Telco led model. The new draft regulations for Branchless banking circulated by SBP decidedly favor the Bank led model.

The UBL initaitive deserves all the kudos. While the other big boys have been content with sitting on their lazy behinds raking in easy float money, UBL has been innovating.

There are some very basic flaws in the overall offering, but that is to be expected in a pilot.

Essentially, this market space is going to heat up, a lot, over the next 2 -3 years. To make any meaningful dent in the overall banking picture, the offering has to enhance penetration from “my bank customers” to “all cell phone users”. Up until that barrier is crossed, this will remain a novelty.

As with all things, real innovation is hard to come by on a full stomach, look for hungry new entrants, as in the telecom industry worldwide, who will use vision, technology and innovation and eat the lunch of the fatties

]]> By: Osama A. http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-1268 Osama A. Tue, 05 Jun 2007 08:24:19 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-1268 OR Maybe an international bank *cough*SCB*cough* can buy a local bank with better customer experience *cough*Union*cough* and change its policies enough to start driving customers away *cough*me*cough*. OR Maybe an international bank *cough*SCB*cough* can buy a local bank with better customer experience *cough*Union*cough* and change its policies enough to start driving customers away *cough*me*cough*.

]]> By: Qazi http://greenwhite.org/blog/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/comment-page-1/#comment-1265 Qazi Tue, 05 Jun 2007 05:53:20 +0000 http://greenwhite.org/2007/06/04/the-dawn-of-e-commerce-in-pk-ubl-orion-built-by-techlogix/#comment-1265 UBL has got some very interesting and usefull products. like tezraftar check. now lets say you want to send some one money you go in your online account fill in the details and a check from ubl in the name of that person will be delivered to his doorstep. UBL is really brining great products whiche make sense. this Orion partner ship represents another feather in their cap. not to mention thei run away success with the car lease. Good job UBL. maybe all other so called international bank like SCB or ABN Amro should start competing with local banks and improve the services UBL has got some very interesting and usefull products. like tezraftar check. now lets say you want to send some one money you go in your online account fill in the details and a check from ubl in the name of that person will be delivered to his doorstep. UBL is really brining great products whiche make sense. this Orion partner ship represents another feather in their cap. not to mention thei run away success with the car lease.
Good job UBL. maybe all other so called international bank like SCB or ABN Amro should start competing with local banks and improve the services

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