KARACHI: ABHI Microfinance Bank Ltd. has signed a memorandum of understanding with REDtone Group to deliver an employee banking programme aimed at improving financial access for REDtone staff. The agreement was formalised at a signing ceremony attended by senior representatives from both organisations.
At the ceremony Asif Iqbal, Chief Financial Officer of REDtone Group, and Muhammad Umer Rauf, Head Transaction & Employee Banking at ABHI Microfinance Bank, signed the MOU. Under the partnership REDtone employees will be offered tailored employee banking services including salary accounts, digital banking, financing facilities and value-added financial products designed to enhance day-to-day financial convenience.
The collaboration underscores a shared commitment to improving workforce financial well-being and productivity. By combining REDtone’s innovation-driven corporate environment with ABHI MFB’s customer-focused banking approach, the partnership aims to provide seamless payroll solutions and broaden financial inclusion for employees across REDtone’s operations.
ABHI Microfinance Bank said the arrangement expands its employee banking footprint while REDtone reaffirmed its focus on strengthened employee benefits and sustained organisational growth. Representatives from both organisations noted that accessible and efficient financial solutions are essential to building a more empowered and financially secure workforce.
