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Friday, March 12 2010 @ 01:26 AM PKT

Mobilink Genie Reappears - Mobile Commerce

After a faulty start in July of 2008, when MobilinkGSM Mobile Payment System AKA Genie forced to shutdown as a result of conflict with the State Bank of Pakistan the Genie has finally reappeared.

According to a press release issued in 2008 the aim of the Genie was to provide 92% "unbanked" Pakistani with the privilege of accessing a financial service.

I just saw the Geine ad day before yesterday. The crux of the ad was in English at the end which explained how to register and use the service

 The service will provide Moblink cell service users with the ability to paytheir bilsl from mobiles phones. A number of banks have linked with the venture to provid the funds settlement.

Mobilink is backed by ORASCOM Telecom a powerful multinational.

Mobilink Genie will definitely help break many old and strong idols of bureaucracy and improve quality of life for its users. 

The techonlogy is provided by Innov8 which is public limited company (unlisted).

Tag: ecommerce mcommerce mobilinkgsm pakistan

Mobilink Genie Reappears - Mobile Commerce | 4 comments | Create New Account
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Mobilink Genie Reappears - Mobile Commerce
Authored by: Anonymous onSunday, July 05 2009 @ 12:19 PM PKST
The Genie is not limited to the State Bank, it keeps surfacing elsewher as advancing the clocks by 1 hour and so on ... I am no finace Expert, but in its relative, it would perhaps mean the same as 1 hour ... because in rder to make any scheme successful, you've got to teach people about what the Scheme is, and then how to Apply the knowlwdge.

I often read billboards advertising the Financial Mechanics of some New Financial Services ... These ads, to the best of my Understanding are either understood by the Scheme's Promoters or the Stock Exchange Brokers and the like Investment Bankers.

In my opinion, this is a wrong way of Promoting anything, to an Absent "Base" ...

Since most "illiterates" have their money tucked away in Pillows and Mattresses.

It would perhaps help Expand the PAKISTANI INVESTOR BASE, if the huge amount, spent on Purposeless Advertising for a few, is spent on

Mobilink Genie Reappears - Mobile Commerce
Authored by: karachiwala onSunday, July 05 2009 @ 01:16 PM PKST
i totally agree man!

unless the technology empowers the masses its useless.

Mobilink Genie Reappears - Mobile Commerce
Authored by: Anonymous onSunday, July 05 2009 @ 01:57 PM PKST
Actually the lights went out at the Cable end, so I have to write this
Balance in Continuing the truncated Comment...

Anyway, rewckon its a better idea, to first educate people about
Investment Financing, and then teach them in simple terms, how best
they can apply the acquired knowledge towards good returns on their
Investment.

You may not believe, but the Fact is, that such Genies should rather
be addressing Basic Issues like Maintaining Regular Supply of
Electricity, than
some one having crossed a billion mark.
Mobilink Genie Reappears - Mobile Commerce
Authored by: karachiwala onSunday, July 05 2009 @ 01:59 PM PKST
Paying bills can be brutal in this city.

An process that involves insult and injury.

So even if the limited number of people can use it. I say it will do for the time being.