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The banking system of Pakistan has come a long way from how it was just a decade ago. With strong emphasis on digitizing the many banking facilities, the aim is to fulfill the needs of todayu2019s generation who prefers things on-the-go as compared to the conventional banking system that involved waiting in long lines to pay utility bills, deposit cash, clear a query, etc.
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THE INNOVATION IN BANKING SYSTEM IN PAKISTAN
The banking system of Pakistan has come a long way from how it was just a decade ago. With strong emphasis on digitizing the many banking facilities, the aim is to fulfill the needs of today’s generation who prefers things on-the-go as compared to the conventional banking system that involved waiting in long lines to pay utility bills, deposit cash, clear a query, etc.
AS FAR AS THE LATEST INNOVATIONS IN BANKING FACILITIES ARE CONCERNED, HERE ARE A FEW OF THEM THAT HAVE CHANGED THE WAY PAKISTANIS FULFILL THEIR FINANCIAL NEEDS
1 INTERNET BANKING THAT ALLOWS YOU TO DO TRANSACTIONS ONLINE
2 • PAYING UTILITY BILLS ONLINE • FROM THE COMFORT OF • YOUR HOME OR • OFFICE.
3 MOBILE/PHONE BANKING
4 MESSENGER BANKING—AVAILING SOME BANKING FACILITIES THROUGH WHATSAPP, FACEBOOK, ETC.
5 INVESTMENTS OF BANKS IN CSR, SUCH AS WOMEN EMPOWERMENT, EDUCATION, ETC.