Karachi, March 10, 2021: In order to promote digitization in the banking sector and encourage use of digital channels, SBP has instructe(https://www.sbp.org.pk/psd/2021/C1.htm) all banks to provide minimum set of services on their Internet Banking (IB) and Mobile Banking (MB) channels. These services will include bill payments, funds transfer/IBFT, beneficiary management, limit management, credit and debit…
Karachi, October 17, 2020: Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the Governor State…
Karachi, July 06, 2020: Daraz has signed a partnership with Telenor Pakistan to offer customers access to prepaid packages and package bundles for mobile recharge on the leading eCommerce platform along with exclusive offers. The new partnership stands in line with the two companies’ commitment towards digitalization in Pakistan to offer enhanced convenience and customer…
Mastercard white paper found that cash prevalence can have a high economic cost purely by virtue of its existence – not less than 3.2 percent of global GDP Karachi, June 09, 2020: Countries that prioritize digitized payment economies are better placed to mitigate the associated adverse impact of unemployment, financial exclusion, fraud, theft, cost of…