The Pak Banker - - Front Page -

in­vest­ment funds, mo­bile net­work op­er­a­tors, and large do­mes­tic Microfinance In­sti­tu­tions (MFIs). This diver­sity of own­er­ship and ap­proaches de­picts con­fi­dence in pol­icy con­sis­tency and vi­a­bil­ity of microfinance sec­tor.

With the com­mence­ment of busi­ness by Waseela Microfinance Bank, spon­sored by M/s Oras­com / Mo­bilink), is oper­at­ing with three large-scale branch­less bank­ing in the coun­try. The re­tail net­work of bank­ing and microfinance has also risen over­whelm­ingly through agents and mo­bile phone chan­nels.

The agent net­work now ex­ceeds 30,000 and is cur­rently pro­cess­ing al­most 10 mil­lion transactions each month, and the growth con­tin­ues apace. It may be pointed out here that the suc­cess of branch­less bank­ing is only a be­gin­ning of a new re­tail bank­ing rev­o­lu­tion in the coun­try.

The SBP has also been work­ing on mul­ti­ple mod­els to ac­com­mo­date in­ter­est of di­verse play­ers. This ap­proach has al­ready fa­cil­i­tated a num­ber of lead­ing banks and tele­coms which have now en­tered or en­ter­ing in the space of branch­less bank­ing.

These developments fuel the ex­pec­ta­tion that trans­for­ma­tional branch­less bank­ing (BB) mod­els would prove a gamechanger in im­prov­ing ac­cess to fi­nance in Pak­istan.

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