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Konnect
Konnect by HBL provides digital payment solutions allowing customers to enjoy a cashless lifestyle1 The platform has over eight million customers.
Method
Konnect
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
E-wallet
Local Card Scheme
Users
8M
Disbursements
No
No
Chargebacks
No
Authorization currency
PKR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Government Partnerships: HBL partnered with the government of Pakistan through Konnect by HBL on initiatives like the Ehsaas Emergency Cash Program, a social safety net initiative. HBL has disbursed over PKR 175 billion to more than 12 million households
Higher Returns on Savings: HBL Konnect offers higher returns on savings (18% annually) compared to EasyPaisa and JazzCash (7-8%)
