Abb Takk News

Mobile Accounts to increase to 50 Million in 5 years

KARACHI: State Bank of Pakistan has said that the number of Mobile Accounts would reach 50 million within next five years.

The central bank further said that presently five million subscribers are using mobile accounts for funds trafer, payment of utility bills, domestic fund transfer and loan payment. In addition, transactions of Rs 125 billion are being conducted through branchless banking each month.

Governor State Bank Ashraf Mahmood Wathra says that the central bank has prepared an effective strategy to expand the sphere of financial services n Pakistan with the help of the Worrld Bank under which the number of mobile accounts would be increased to 50 million in the next five years.