06-16-2024, 04:33 AM
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KARACHI:The number of mobile accounts still remains relatively low in the country despite great strides that branchless banking has made in recent years.According to a survey quoted by the central bank in its latest branchless banking newsletter stanley cup , while 5% Pakistani households have a mobile money user, only 0.3% of households have registered mobile money accounts.This stark difference shows that branchless banking is still based largely on an over-the-counter (OTC) model 鈥?transactions聽 from one CNIC to another CNIC that do not involve mobile wallet 鈥?as opposed to more sophisticated channels that entail greater know-your-customer (KYC) requirements.Industry officials say that in addition to the need for creating awareness of branchless banking, stakeholders must wo air max 720 rk jointly to increase the number of mobile accounts while gradually moving away from the OTC business model. Other than improving branchless banking products, we need to have more r yeezys 350 egistration agents for mobile accounts. We ISLAMABAD:Caretaker Federal Minister for Information Technology and Telecommunications (MoITT), air max97 Dr Umar Saif on Tuesday inaugurated the country rs nike 97 quo;s first e-Rozgar C new balance uomo entre in collaboration of Excel Consulting Services. The centre boasts around 100 workstations fully equipped with state-of-the-art facilities tailored for freelancers, with plans to expand to 300 workstations in the future.
KARACHI:The number of mobile accounts still remains relatively low in the country despite great strides that branchless banking has made in recent years.According to a survey quoted by the central bank in its latest branchless banking newsletter stanley cup , while 5% Pakistani households have a mobile money user, only 0.3% of households have registered mobile money accounts.This stark difference shows that branchless banking is still based largely on an over-the-counter (OTC) model 鈥?transactions聽 from one CNIC to another CNIC that do not involve mobile wallet 鈥?as opposed to more sophisticated channels that entail greater know-your-customer (KYC) requirements.Industry officials say that in addition to the need for creating awareness of branchless banking, stakeholders must wo air max 720 rk jointly to increase the number of mobile accounts while gradually moving away from the OTC business model. Other than improving branchless banking products, we need to have more r yeezys 350 egistration agents for mobile accounts. We ISLAMABAD:Caretaker Federal Minister for Information Technology and Telecommunications (MoITT), air max97 Dr Umar Saif on Tuesday inaugurated the country rs nike 97 quo;s first e-Rozgar C new balance uomo entre in collaboration of Excel Consulting Services. The centre boasts around 100 workstations fully equipped with state-of-the-art facilities tailored for freelancers, with plans to expand to 300 workstations in the future.