The customers would be able to open and operate their accounts from home.


Karachi: The State Bank of Pakistan will launch a new initiative, Asaan Mobile Account (AMA) on Monday.
According to the central bank press release issued on Sunday, the bank said that the initiative has been developed under the National Financial Inclusion Strategy aimed at facilitating the customers for remote account opening under branchless banking.
Through Asaan Mobile Account initiative, the customers would be able to open and operate their accounts from the comfort of their homes, SBP said.
The solution has been developed through the collaboration of SBP, Pakistan Telecommunication Authority (PTA), National Database and Registration Authority (NADRA), 13 Branchless Banking (BB) Providers, all Cellular Mobile Operators (CMOs) and Virtual Remittance Gateway (VRG). For AMA, the branchless banking providers and cellular mobile operators are collaborating to deliver an interoperable platform, allowing any Pakistani to open an account with a bank.
SBP's press release further stated that the AMA will play a crucial role in reaching out to the low-income segments that do not have access to the internet. Moreover, AMA will be a perfect conduit to onboard women customer segments as well.

Mashreq Digital Bank in Pakistan, Pakistanis in Emirates can send remittances for free
- 3 hours ago

Sony’s new Xperia phone jumps on the camera bar bandwagon
- 7 hours ago

Dabo defends record following 1-2 start, poll exit
- 6 hours ago

Why is Trump suing the New York Times?
- 5 hours ago

Joint statement on state visit of PM Shehbaz to Kingdom of Saudi Arabia
- 3 hours ago

Saudi Arabia, Pakistan together against aggressor, forever and ever: Saudi Defense Minister
- 40 minutes ago

Our hottest takes on AI’s wild summer
- 7 hours ago

Steelers likely to adjust after gaffe; Highsmith out
- 6 hours ago

Heavy rain in areas of Islamabad, Azad Kashmir
- an hour ago

A Democratic senator on the fights his party has to pick
- 5 hours ago

Trump asks the Supreme Court to give him total control over the US economy
- 5 hours ago

3 cops killed in shooting in US state of Pennsylvania
- 3 hours ago