He has reviewed the Mobile Banking solution launched by MCB in detail. I am posting excerpts here. You can go through the complete article on his site here,

According to him the service is based on fundamo which is a pretty mature mobile banking solution and working in quite few countries, I am also aware of some of our mobile operators working with fundamo lets see if that effort sees the light of the day, because truw mobile banking or branchless banking as it is said will only come if it really needs no account in a branch to make transactions, keeping my fingers crossed while we wait for true branchless banking while thanking our stars for what ever is out there, still better than the old check system.

keep reading for complete review

MCB has recently launched their mobile banking and payment solution. It is an Internet based service that runs on your mobile phone’s browser. You can link your MCB account with your phone number and that’s all you need to use the service. The basic set of services provided by the solution are:

signing up is easy as Basit notes here

How to Sign-Up
If you are an existing MCB account holder, you can simply go to MCB ATM machine and insert your card as usual. You’ll see an option to link your mobile with your account in the menu now. Opt for that, give your mobile number and that’s it. MCB representative will get back to you with the confirmation and will provide you with the Mobile PIN. Mobile PIN is used to log-in to the mobile banking site while ATM pin is also required to make the transactions.

If you are not an existing MCB account holder, you have to grab one account. My recommendation, just go get one, its worth it!

Note: You cannot use this services if you are an MCB credit card holder.

A video walk through of the service, plus his some good and bad are shared here

A walk-through video

For a detailed walk-through, watch the video below. I’ve made a mobile top-up, mobile bill payment, fund-transfer and balance enquiry etc in this walk-through for you.

Summary:

What you need to get the service:

• An MCB account and a debit card
• A basic mobile phone that has a browser and has GPRS activated

The good

• Simple and easy on basic mobile browser
• Topup to all mobile networks
• Bill payment for all mobile numbers
• Utility bill payment to a number of power companies.
• All gas and telephone bills payable
• Secure over SSL and SMS alerts to inform the user of an un-authorized login/transaction.
• No need to go to a branch to sign-up like other services.
• No need to download a software
• I really like the quick-pay option so that you can save your frequently paid bills and add people who you regularly transfer funds to.

The bad

• Well, the service is very slow at times, very slow as compared to normal mobile sites. On a second thought it is acceptable assuming it is because of the secure transactions and encryption.
• Cant transfer funds to other banks. (App says coming soon).
• Cannot use MCB credit card as a payment instrument.
• A few transactions failed or may be timed out. They can be teething problems but still are very irritating at times.

Conclusion
MCB Mobile is a winner by all means. You cannot call it a killer app as this stuff is not new in the market anymore but it reaches the top with the fact that its easy, convenient, ubiquitous, reliable and last but not least, very secure. Simply go to mcb.com.pk, search for your nearest branch, go get an account and sign up for the service. Happy mobile banking!