Phase-I of Instant Payment System
On Thursday, State Bank Governor attended a meeting and talked about the Instant Payment System. He stated that PM Imran Khan Decided to launch an instant Payments system and its phase -I will complete soon. The Central Depository Company will transfer the dividend payments directly to the investors’ bank accounts through this system.
In the 3rd national stakeholders meeting, he stated that we would complete the process reasonably despite COVID-19. However, the conference aimed to promote digital financing services and payments in the country.
SEE Also: Revised Pay Scale 2022
See Also: PM Youth Internship 2021
Other than the Instant payment system, the governor also talked about some other initiatives. Such as successful launching of digital account opening and provision of Lifestyle banking. Also, investment by banks through Roshan Digital Accounts (RDA) for non-resident Pakistanis. So, the ain of all these initiatives is to accelerate the trend of digitisation in the country.
See Also: Kamyab Jawan Application Status
Member of the meeting
The following candidates attended the 3rd nationwide stakeholders meeting on Thursday.
- World Bank Country Director
- Accountant General of Pakistan Revenue
- Representative From NADRA, Pakistan Telecommunication Authority, Bills and Malinda Gates Foundation (BMGF)
- Other stakeholders
