“In the last few years, digital payment transactions in Pakistan have shown significant growth, reflecting the favourable impact of the SBP’s policies in shifting customer preferences. Expansion in digital payment infrastructure as well as the emergence of new payment aggregators have played a role in this growth,” said SBP.
It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.
In this backdrop, 21 ADs have already developed their portals, started onboarding their customers and receiving FX cases digitally, while the rest are in process of developing their digital platforms/ portals.
“50 percent of the country's asset base as far as human resources are concerned are women. So we would not be doing justice as a country for our economic aspirations if we do not recognize that such sector of the society has to be supported so that they can play the role in the economic development of our country,” said Baqir.