Licences for five digital banks in Pakistan - The Financial Daily
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Licences for five digital banks in Pakistan - The Financial Daily
Regulators have approved licences for five digital banks in Pakistan, one of which is already operational. These banks use virtual processes – including mobile and online banking – to conduct transactions. A typical digital bank operates end-to-end via technology platforms: clients initiate transactions on the front end, the institution handles back-end settlements, and middleware ensures continuous connectivity between all channels. While econo…
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