KARACHI: Branchless banking is the future of the country’s financial sector as it opens up great opportunities for banks to tap into the unexploited potential by bringing the unbanked segment of the society into the financial system.State Bank of Pakistan Governor Shahid H Kardar said this on Thursday.
Speaking as the chief guest at a signing ceremony between United Bank Ltd (UBL) and ShoreBank International Ltd (SBI) to support the UBL’s branchless banking initiative (UBL Omni) at a local hotel, Kardar said the central bank was willing to make regulatory framework for branchless banking more flexible to broaden the scope of the financial services in line with its financial inclusion strategy.
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