Systolic PTA to launch bank regulatory framework for mobile units

State Bank of Pakistan and Pakistan's telecom authorities have agreed to introduce a regulatory framework to promote integrated mobile banking in the country. Has decided to set up Joint Regulatory Committee,

the meeting was held here on Wednesday between the SBP and SBP Governor Sayed Selim Reza PTA president, doctor, Mohammad Yaseen, said: "Joint Statement issued hereThis Committee, which includes any Two members of the systolic and the PTA, to introduce an integrated regulatory framework for third party solutions provider (TPSP) system. It modified the existing regulations / legal frameworks offer, if needed.

M. Banking stakeholder groups (including mobile network operators, financial institutions, the Ministry of Information Technology, 

PTA, systolic, TPSP / integrators) is also proposed to set up, which can address the technical standards, product and services, licensing regime and related operational issues and more.

framework for mobile video

"We hope that this will realize innovative technology products that will ultimately promote the development of financial services in this country encouraged," is a joint statement. Mobile Banking Services increasingly by financial institutions in cooperation with mobile operators worldwide to provide for increased development, generate additional revenue, reduce costs and increase customer satisfaction. 

Mobile Banking offers various financial functions financial/non-, including paying business, civil service pay bills, transfer money and more work and most likely by financial institutions, mobile operators and other partners are creating a very Results will bear promising.

In Pakistan, including the new services may be introduced through Branchless Banking Regulations (BBRs) by State Bank has been. Then BBRs, Department of Information Technology issued a policy directive to the PTA to prepare the technical implementation of the framework BBRs.
Evaluating the potential of cooperation between banks and mobile operators, it is felt that the need for a common platform of both regulators (systolic and PTA) For the purpose of these regulations so there.

framework for mobile videos