It elaborates on the benefits to all the stakeholders besides presenting real cases of two key markets that have implemented branchless
Danny Pitakia, an agent said, 'With branchless
banking now established here, BSP has made it easier and more convenient for the people of Sasamungga to open accounts and do basic banking, as well as providing an avenue where women's groups, savings groups, market vendors etc, can safely keep their savings or earnings.
banking transactions rose from Rs50 billion to Rs300 billion plus.
He pointed out that SBPled initiatives stimulated the market forces to drive innovation and growth in branchless
Finance Minister Dar said concerted efforts are needed to drive branchless
banking usage through mobile wallet payments, digitized G2P payments, and improved range of digital financial services available for usage via branchless
The mobile wallets are banking accounts which are being opened largely by the previously unbanked population at their nearby shops which are working as branchless
banking agents, said State Bank of Pakistan's (SBP) newsletter on branchless
banking here on Thursday.
banking has become popular in Pakistan over the years, and banks are being encouraged to provide branchless
KARACHI -- Yaseen Anwar, Governor, State Bank of Pakistan, has said that developments in branchless
banking across the country have so far been marvellous, leaving nobody in doubt about the potential of mobile phone banking to be a game-changer in banking, m-commerce and financial inclusion.
business model allows it to operate at a fraction of the cost of a traditional bank.
Lahore -- Provincial Minister for Zakat & Ushr, Nadeem Kamran has said that payment of Zakat fund will be made to the Mustahkeen through branchless
banking and Telenor Easy paisa has been selected for this purpose.
Owureku Asare, Regional Manager for Cards and Electronic Banking (Ghana and West African Monetary Zone) at Ecobank said, The partnership with MTN to offer Mobile Money customers the opportunity to perform Cardless withdrawals from over 200 Ecobank ATMs in Ghana is to strategically make branchless
banking a reality by activating multiple channels including mobile phones, internet, Points of Sales (POS), ATMs and through Agents.
ISLAMABAD -- The branchless
banking in the country has registered a 25 % growth in mobile accounts during first three months of this fiscal year, taking the total count to 1.