Tag: Credit

  • SBP enables resident Pakistanis to open bank accounts through digital channels

    SBP enables resident Pakistanis to open bank accounts through digital channels

    With the rapid growth in adoption of electronic banking channels, especially amidst the COVID-19 pandemic, the demand from bank and customers for digital financial transactions have increased manifold. Based on the success of the Roshan Digital Account framework, State Bank of Pakistan (SBP) has now devised a comprehensive ‘Customers’ Digital Onboarding Framework’, which will facilitate…

  • Reserve Bank of India bars MasterCard!

    Reserve Bank of India bars MasterCard!

    In an unprecedented move, the Reserve Bank of India (RBI) has imposed a ban on MasterCard from issuing new debit and credit cards in the country. This originates because of non-compliance with its April 2018 circular that directed all payments data be stored exclusively in India, allowing the regulator “unfettered supervisory access” to transaction details.…