KARACHI: Allowing instant transfer of funds, the State Bank of Pakistan (SBP) has announced to launch micropayment gateway (MPG) in the next two months.
“The SBP is now in the final stages of going live with the first use case, i.e. bulk transfers including government-to-person (G2P) transfers, tentatively by the end of (December) 2020,” it was announced in a report issued by SBP.
The initiative will accommodate governmental and non-governmental players including banks, businesses, and consumers to make seamless transactions.
It is aimed to digitize payments collected through the public and private sector, including salaries and pensions.
For news and blogs, visit Graana.com.
ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…