Karachi, June 22, 2023 – The State Bank of Pakistan (SBP) has recently raised concerns regarding the usage of unlicensed and unauthorized digital lending mobile applications and platforms that are utilizing banking channels for loan disbursement, collection, and creditworthiness checks by integrating with customers’ bank accounts.
(more…)Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
