SBP Mandates Account-to-Account Transfers for FCY Deposits to Strengthen Traceability and Cashless Banking
The State Bank of Pakistan introduces mandatory account-to-account transfers for foreign currency deposits, aiming to strengthen traceability, enhance AML controls, reduce cash handling, and promote a cashless financial ecosystem across Pakistan.
NBP and NAB join forces to digitize refund disbursements with secure SmartPay solution
National Bank of Pakistan and NAB have partnered to digitize and secure refund transactions through SmartPay, streamlining disbursements and enhancing transparency in Pakistan’s financial ecosystem.