SBP to launch micropayment gateway

KARACHI: Allowing instant transfer of funds, the State Bank of Pakistan (SBP) has announced to launch micropayment gateway (MPG) in the next two months.

invest with imarat

Islamabad’s emerging city centre

Learn More

“The SBP is now in the final stages of going live with the first use case, i.e. bulk transfers including government-to-person (G2P) transfers, tentatively by the end of (December) 2020,” it was announced in a report issued by SBP.

The initiative will accommodate governmental and non-governmental players including banks, businesses, and consumers to make seamless transactions.

It is aimed to digitize payments collected through the public and private sector, including salaries and pensions.

 

For news and blogs, visit Graana.com.

invest with imarat Islamabad’s emerging city
centre
Learn More
Scroll to Top
Scroll to Top