The State Bank of Pakistan has instructed banks and financial organizations to promote digital payment services so that customers won’t have to visit banks or ATMs for money transactions.
Amid coronavirus outbreak, the objective of these measures is to reduce the need for visiting bank branches or the ATMs and to promote the use of Digital Payment Services including internet banking, mobile phone banking, etc.
Coronavirus in Pakistan: First 2 deaths from virus reported on Wednesday
Furthermore, the banks have been advised to facilitate their customers in using online banking while taking all necessary precautions to ensure the safety and security of customer’s funds. And also to make ensure that call centers/helplines are available 24/7 for instant customer support.
SBP has also directed banks to waive off charges on online banking systems including Inter Bank Fund Transfer (IBFT) and SBP’s Real Time Gross Settlement System so that people can transfer money through phone or online channels without any cost.
Meanwhile, the financial sector has also been advised to be vigilant in order to prevent online fraud.
Shamoon Abbasi has announced a sequel to his 2019 film “Durj”. Almost five years after…
Noor-ul-Hassan has joined the cast of the Pak-Turk collaboration series Kudüs Fatehi Selahaddin Ayubi. Noor…
iCube-Qamar on Friday sent the first image of the Moon from lunar orbit. The first…
Justin Bieber and Hailey are going to be parents soon! Taking to social media on…
Incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has assigned Dr Arif Alvi important responsibility, revealed…
YouTuber Yasir Shami is booked in late Aamir Liaquat's leaked video case. The former first…
OyeYeah is an entertainment project powered by Alliancez Inc. We’re motivated to digging up fresh, authentic news. Oye Yeah does not work on rumors! We have all sourced news because we believe in bringing our readers the best. We have a vision and we’re striving hard to achieve it day in, day out!
Read More
