Mobile Banking Policy Directive From IT Ministry
I heard about this at TGP and followed a chain of obscure links to get to the pdf version of the Mobile Banking (including Money Transfers and Remittances) policy directive issued by Mr. Baqai, member (telecom). The five page document defines the main concepts and lays down the ground rules for technical implementation of banking applications on mobile devices (see a sample excerpt below). The policy directive seems to be a formality as it does not contain enough details. How does this change things for all the companies who already are active in mobile banking?
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Hi,
Mobile banking is going to change the whole commerce style in Paksitan. I could not discuss the the policy impact on companies who are already in this business, but i am sure this policy is to make the business more legal and trusted for the people and stakeholders.
Good Luck Pakistan to the new era of Mobile Banking.
Qaiser Munir
Senior Software Quality Assurance Engineer [M-Commerce]