Digital Banking: State Bank of Pakistan Releases New Guidelines for Virtual Banks, but Cash Is Still King in the Country

The State Bank of Pakistan (SBP), the nation’s central bank, announced on Friday (March 26, 2021) that it has started working on a separate set of guidelines for virtual banks which will focus on “regional regulatory trends,” according to a report from local sources. As… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged coronavirus, covid-19, digital bank, digital banking, digital payments, digital transactions, online payments, pakistan, payments, SBP, State Bank of Pakistan, virtual bank, virtual banking, virtual payments