Alfalah Digital Payroll

The Product

• Digital Banking Payroll is a user friendly solution that allows companies to disburse salaries directly into the Mobile Wallet Accounts of the employees.
• Mobile account linked to PayPak card
• Salaries are directly disbursed to the accounts at the prescribed time.
• To get cash, the employees can visit any Alfalah branch, 1 Link ATMs across Pakistan or Alfa agents.
• Secure – Payroll Card is the safest way of disbursement of salaries for the organization and the employees, where there is no involvement of cash.
• Cost Effective – It eliminates overhead cost for the company.
• Paperless account opening, Deployment is simple and & execution is fast

Transactional Privileges

• Balance Inquiry
• Top up/ Bill Payment
• Transaction History
• ATM Cash withdrawal
• Funds Transfer
• Mini Statement from ATM
• ALFA App

Attributes & Details

• Account Type – Non Interest bearing
• Access Mode – Mobile Channel (ALFA App – PayPak Debit Card)
• Access Points – ATMS (On-us & Off-us), Bank Alfalah Branches (700+), ALFA Agents & POS Merchant Locations.
• Transaction Type – Level 0 (Rs. 25,000 per day – Rs. 50,000 per month – Rs. 200,000 per year)
  Level 1 (Rs. 50,000 per day – Rs. 200,000 per month)

Benefits to Client

• Hassle free, cost effective & saves time
• Payroll portal for disbursement
• Simplified enrolment process for organizations & employees
• Secure as removes cash management challenges
• Availability of transactional records and reports
• Employer Financing for salary transfer

Benefits to Employees

• Salary will be directly transferred in the payroll wallet account every month & will be instantly accessible through debit card
• SMS alerts for transactions
• Employees will not have to visit the branch for account opening
• Advanced Salary option/Bike financing
• Free of cost Insurance
• Discounts on various restaurants/retail outlets

Payroll Cards Issuance (Bulk)

• Visit to client & Agreement sign off
• Data collection & Employee
• Data Processed & Accounts opened (Level 0)
• Cards delivered to employees & activated via Call center/ATM

Level 1 Account Upgrade

• Sales team will visit client premises with tablet or employee can visit any BAFL branch
• Employee will provide his CNIC & Mobile number
• Employee will provide biometric verification
• Account will be upgraded to Level 1

Disbursement Backend by Bank

• Disbursement initiated by the bank to its parent branch
• Branch endorses & verifies the request
• Request forwarded to branchless banking ops
• Disbursements made to respective accounts in bulk
• Confirmation sent to the client and respective branch
• Employees receive SMS alert of disbursement

Disbursement via Portal by Client

• Company HR staff will upload disbursement file on portal
• Company checker will login to the portal
• Checker will approve the disbursement file
• Disbursement made to respective account in bulk
• Employees receive SMS alert of disbursement

Particulars & Charges

• Account Opening/Card Issuance – Free
• Cash Withdrawal – Bank Alfalah ATMS – Free
• Cash Withdrawal (Other 1-Link ATMs) – Rs. 18.75/- per transaction
• Card Replacement Charges – up to Rs. 375/- (EMV Card)
• Funds transfer to BAFL Account – Free
• IBFT (Other banks) – Rs. 75/-
• POS – Retail Purchases – Free
• Per Disbursement Fee – Rs. 50/- (Negotiable)