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AWCC Receives Banking License From Central Bank

(Last Updated On: May 27, 2014)

The central bank of Afghanistan –Da Afghanistan Bank—on Monday issued the banking license to Afghan Wireless Communication Company AWCC.

The license issued as AWCC has launched “My Money” services allowing transfer of money through mobile phones, purchases, bill payments and other online payments.

The My Money services has already been launched in cooperation with Kabul Bank and Maiwand Bank, AWCC director Amin Ramin told a joint press conference with Central Bank director.

“Everyone can use this service through their AWCC mobile phones and this is easier than texting. AWCC is making strong efforts to provide telecommunication services in each and every corner of Afghanistan,” Ramin added.

The Central Bank director Noorullah Dilawari appreciated the My Money services, saying with this service more than 90 percent of citizens would have access to banking services.

Dilawari stated currently less than 10 percent of entire Afghan population had access to banking services.

Afghan Wireless Communication Company (AWCC) is the first and largest telecommunication company in Afghanistan operating for more than a decade in the war-hit country.

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