Saturday, 20 April 2024
Trending
NADRA launches contactless biometric verification for banking industry
MARKETS

Nadra launches contactless biometric verification for banking sector

The National Database and Registration Authority (Nadra) has introduced contactless biometric verification services for the banking and payments industry, making Pakistan one of the first countries in the world to implement the technology on national level.

The state bank governor Dr Reza Baqir launched the service during his visit to NADRA.

Banks will make use of the digital app on smartphones capturing and verifying biometrics of the potential account holders from their homes. With the introduction of this digital technology, the banking system will take a paradigm shift, adding remote biometric capturing technology to the digital banking system.

The service is initially extended to five banks nominated by the SBP for a pilot project. Other banks and fully SBP-licensed EMIs (Electronic Money Institutions), after completion of the necessary formalities, will also be included in the pilot run. Once the pilot is completed, this service shall be extended to all banks/EMIs, said a news release issued on Thursday.

tax accounting services top tax consultants lahore pakistan
Ads:

Banking | Biometric Verification Service | Business | Contactless | NADRA | SBP | Dr Raza Baqir |

See also  How to Make Money Online with WhatsApp
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: