digital banking

Hopes to enable banks to access over Rs550-600b in cattle purchases via digital banking

Digital transactions now make up 82% of all retail transactions

Aims to lead National Financial Literacy Programme for adults and youngsters

CEO says Islamic KIBOR can be introduced after Islamic banking reaches 40%

Country hosts third largest unbanked adult population globally, with over 100 million unbanked

To promote financial inclusion in unserved, underserved segments of society, says SBP

YAP, a digital bank in UAE, is aiming to expand into Saudi Arabia, Egypt, Pakistan and Ghana

Number of cash-based transactions, however, dipped in Jan-Mar, says SBP report

YAP, like other neobanks which do not have physical branches, does not offer traditional banking services

Monzo’s numbers soared this year which has attracted investors and more than doubled its valuation to $336 million