In Karachi, ABHI Microfinance Bank Ltd. has signed a Memorandum of Understanding with REDtone Group to introduce enhanced Employee Banking for REDtone staff. The agreement was formalised in a signing ceremony attended by representatives from both organisations, where Asif Iqbal, Chief Financial Officer of REDtone Group, and Muhammad Umer Rauf, Head Transaction & Employee Banking at ABHI Microfinance Bank, signed on behalf of their companies.
Under the partnership, REDtone employees will gain access to tailored Employee Banking solutions from ABHI Microfinance Bank, including salary accounts, digital banking services, financing facilities and value-added financial products designed to improve financial wellbeing. These services are aimed at simplifying payroll management and expanding access to credit and digital payments for staff.
The collaboration pairs REDtone Group’s multi-country telecom, engineering and digital transformation expertise with ABHI MFB’s customer-focused banking approach. Both organisations said the programme reflects a shared commitment to empowering employees through smarter financial solutions that support workplace productivity and long-term financial security.
Representatives emphasised that accessible and efficient Employee Banking is essential to building a more financially confident workforce. With this agreement ABHI Microfinance Bank continues to grow its employee banking partnerships while REDtone strengthens its employee benefits as part of broader organisational growth.
