Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report

By Tehniyat Zafar ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…

Internet & Mobile banking transactions more than double – up by 113%, with 44.2 million cards issued

By Ahsan Zafeer ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has announced that Internet & mobile banking transactions more than doubled in Q2FY21 over last year – volume up…

SBP permanently removes charges for Internet and mobile banking services

By Hamza Zakir ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for consumers. The announcement was made by…

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SBP will now allow digital account opening

By Talha Ikram ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) is considering the option to allow people to open accounts at banks with the need to be physically present.…

Mobile banking grows rapidly due to COVID-19

By Taha Abdullah ⏐ 5 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan released a report this week on the Payments Systems Review for July-September. The report, which analyzes the breakdown of payment…

PTA issues new regulations for mobile banking in Pakistan

By Faisal Saeed ⏐ 6 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Pakistan Telecommunication Authority (PTA) has issued new regulations for the technical implementation of mobile banking. According to the notification shared by the PTA, these…

State Bank to launch a mobile app for financial transactions across Pakistan

By Maheen Kanwal ⏐ 8 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has developed a mobile application – Asaan Mobile Account (AMA) – to allow financial transactions across the country. The…

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