A state-of-the-art e-gateway system is being established at the State Bank of Pakistan (SBP) at a cost of Rs200 million to facilitate transactions through e-gateway systems and mobile banking. Technical training of the service delivery organisations would also be undertaken through this project, an annual report issued by the Pakistan Telecommunication Authority (PTA) revealed.
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Highlighting the initiatives being taken for Digital Financial Inclusion and Mobile Banking, the report said these included exemption from withholding tax on cash withdrawals by branchless banking agents. An Rs8-billion fund will be created at the SBP to provide loans to low-income segments through micro-finance banks.