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Digital Banks to be soon launched by State Bank of Pakistan

Digital Banks to be soon launched by State Bank of Pakistan

Branchless banking will gain recognition in Pakistan with the opening of all-digital banks State Bank of Pakistan (SBP) is currently working on the mechanism to launch digital banking services in Pakistan. According to the Executive Director of SBP, Syed Irfan Ali, the new category of banking services will provide more people with access to banking services. “Move will help achieving the ... Read More »

Pakistan State Bank inaugurated Data Centre to control money laundering

Data Centre inaugurated to control money-laundering and terror financing

Governor State Bank Ashraf Wathra along with British High Commissioner and UNODC representative inaugurated the Data Centre. The State Bank of Pakistan inaugurated Pakistan’s first high-tech data centre by State Bank of Pakistan Governor, the British High Commissioner and the Representative of the United Nations Office on Drugs and Crime at the Financial Monitoring Unit Karachi. The newly established Data ... Read More »

Pakistan’s Summit Bank and China’s UnionPay sign accord to boost friendly exchanges

Pakistan's Summit Bank and China's Union sign accord to boost friendly exchanges

UnionPay Card serves as a bridge to boost friendly exchanges between Pakistan and China UnionPay International has announced that it has signed an issuance agreement with Pakistan Summit Bank. Pakistan’s Summit Bank and China’s UnionPay International  have agreed to jointly issue UnionPay cards on a large scale. Now, UnionPay has become the international bankcard brand with the second largest market ... Read More »

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