TAG Launches Revolutionary New Banking App Changing the Way Pakistanis Bank

Changing the Way Pakistanis Bank

Earlier this month, tag innovation (Private) Limited launched a revolutionary new banking app in an effort to change the way people bank. The app enables users to open an account and receive a free Visa debit card within three minutes. The app also allows users to transfer money anywhere and pay utility bills and recharge their mobile phones with just a few taps on their phone.

The Fintech Movement

As consumer habits continue to shift, banks and fintechs are racing to build new apps that provide a seamless, easy-to-use experience. These apps often include a host of features including personal budgeting, financial targets, foreign currency exchange and investing tools. The apps also offer a range of benefits, such as mobile bill pay, money transfers and full-fledged insights into spending statistics.

The TAG Visa Debit Card

This is one of the top mobile fintech apps of 2021, and it makes managing your finances much easier with an array of features such as mobile bill pay, money transfers, and full-fledged insights into spending. It levies no transaction fees, and you can even use it to buy and sell stocks with a simple swipe of your smartphone.

The company has raised a total of $30 million from Liberty City Ventures, Canaan Partners, Y Combinator and Addition Capital, among others. It also has a strong track record of innovation and technology leadership.

Tag’s Regulatory Reversal

This week, the State Bank of Pakistan revoked the in-principle and pilot operations approval it gave to startup Tag to operate as an electronic money institution. The move is a major setback for the tech-enabled payments startup that was backed by big names in the industry like Liberty City Ventures, Canaan Partners and Y Combinator.

Despite the regulatory reversal, Tag has retained a strong customer base and a reputation for providing an excellent mobile banking service in Pakistan. The company has been able to retain customers despite its recent run of legal hiccups thanks to its streamlined processes and extensive network of AAA credit rated partner banks.

The Music Business deserves a Music Banking App

While the term “fintech” can be a clunky description of startups offering innovative services to the financial sector, this technology is making its way into the mainstream of business and has been credited for creating the new rules of commerce. It has also helped shape the future of banks, with a plethora of new products and services designed to meet the needs of customers in the digital age.