M-banking network reaches over 125,000 mark

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STAFF REPORT ISB: The introduction of new players has helped the overall numbers of agents of m-banking network to touch over 125,000 mark till March 2014.

New players in the m-banking market can further expand the existing base of m-banking network as a healthy competition in the market and reduces the cost of m-banking transactions while new products and business models are launched considering the consumer requirements.

The PTA aims to provide an enabling environment for mobile banking services in the country as it would lay a strong foundation for the provision of better and quick banking and a step towards introducing the paperless economy.


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