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SBP prepares for digital shift
Considering permitting digital account opening at banks
Speakers were of the view that voices of women needed to be ensured and strengthened at key business forums. PHOTO: REUTERS
KARACHI:
Pakistan’s central bank is considering allowing people to open accounts at banks without physically visiting branches - through digital means like internet and mobile banking - and without compromising customers’ due diligence.
“Digital account opening…is the way forward,” State Bank of Pakistan (SBP) Governor Dr Reza Baqir said while hosting a webinar titled “Launch of Consultation on Banking on Equality Policy: Reducing the Gender Gap in Financial Inclusion” on Monday.