Thursday, 18 August 2022
Trending
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 |

Related posts
FINANCE

How to Check Your Bank Balance Online

Table of Contents How to Check Your Bank Balance OnlineDifferent Easy Steps to Check Bank Balance1.
Read more
FINANCE

E-Payment System Introduced for PPSC Online Job Applications

E-Payment System Introduced for PPSC Online Job Applications Punjab Public Service Commission…
Read more
FINANCE

How to Withdraw Payoneer Money from JazzCash

How to Withdraw Payoneer Money from JazzCash. We will learn here that how to withdraw Payoneer…
Read more
Newsletter
Subscribe Now

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

    Leave a Reply

    Your email address will not be published.