Tuesday, 28 May 2024
Trending
State Bank of Pakistan launches digital cheques clearing and QR code in banking system
FINANCE

SBP launches digital cheques clearing and unified QR Code System

Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the introduction of digital financial products and services by financial institutions which will benefit to the society.

These initiatives includes the introduction of digital cheques clearing and a unified QR code for payments. It will replace physical presentation and clearing of cheques, thereby it will reduce the time involved in normal clearing process.

The second initiative is the launch of a unified QR code. It will allow payments by users from any digital application, eliminating the need to use separate apps. These initiatives which are announced by Governor State Bank of Pakistan, Dr Reza Baqir are for the accelerating digitalization and financial inclusion.

Governor Baqir appreciated stakeholders’ who supported in these digital initiatives of SBP, particularly by FBR, and NADRA in moving towards the drive for digital financial services.

Top Tax Consultants Tax Return submission Last Date
Ads:

SBP | State Bank of Pakistan | Digital currency | Digital Financial Products | Cheques | QR Codes | Dr Reza Baqir | IRS | Income Tax Returns |

See also  Pakistan Removed from FATF Grey List
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: