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In-store and online merchants: SBP advises banks, REs to offer digital payment solutions
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SBP Unveils New Framework to Ease Bank Account Opening
In an effort to streamline the process of bank account opening, the State Bank of Pakistan (SBP) has released new regulations for customer onboarding. Standardization of procedures, reduction of documentary hurdles, and provision of digital account access are now compulsory under the new framework. SBP has instructed banks and regulated financial institutions to ensure that […] The post SBP Unveils New Framework to Ease Bank Account Opening appe…
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