PM to launch first phase of instant payment system.
The State Bank of Pakistan (SBP) has achieved a significant headway on a payment system, which is aimed at transferring dividend payments directly to bank accounts of investors through the Central Depository Company (CDC).
The development of Pakistan's Instant Payment System project, powered by the SBP in collaboration with its partners, has progressed significantly and Prime Minister Imran Khan will soon launch the completion of its first phase, said SBP Governor Reza Baqir.
Chairing the third nationwide stakeholders' meeting on digital financial services on Thursday, he commended the completion of this phase in a reasonable time despite Covid-19 disruptions and appreciated continuous support from the SBP partners and other stakeholders.
He also...
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