The CEOs of U Microfinance Bank Limited and TPL Corp Limited have signed an agreement on strategic partnerships to pave the way for fostering synergistic collaborations between the two organizations and encouraging better financial inclusion in the country.
U Bank is a subsidiary of PTCL that offers microfinance loans, deposit products, and branchless banking solutions, whereas TPL Corp is a technology-driven conglomerate with investments in security, asset tracking, life & general insurance, real estate, and other technological startups.
The ceremony was conducted at TPL Corp’s headquarters and was attended by senior management from each establishment.
On the occasion, the Chief Executive Officer of U Financial institution stated:
“We’re happy to cooperate with TPL to facilitate the U Financial institution to develop the outreach and mix our strengths to create modern merchandise for our final mile clients. This alliance will contribute in the direction of digitalization and buyer care, providing an ecosystem of merchandise and options to U Financial institution purchasers”.
He further stated that this collaboration will go a long way toward providing modern solutions to customers looking for high-quality financial security for themselves and their loved ones.
The goal of this coalition is to discover new business opportunities in order to improve financial inclusion in the country and accelerate business growth.