New central bank rules are driving Pakistani banks to digital payments

The State Bank of Pakistan (SBP) has introduced a new set of rules for banks to push them away from manual processes and towards digital services.

The rules apply both to the banks’ customer-oriented offers and to their internal processes. They require every bank to house a minimum set of services through their internet banking and mobile banking channels.

And ask every bank – if you haven’t already – to set up a Chief Digital Office (CDO) …

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