Initiative to bring further ease in remote account opening under branchless banking
The State Bank of Pakistan (SBP) announced today that it will be launching the Asaan Mobile Account (AMA) scheme on Monday under its National Financial Inclusion Strategy (NFIS) to bank the country’s sizably unbanked population.
In a statement, the central bank said that the initiative (AMA) has been developed under the NFIS with the objective to bring further ease in remote account opening under branchless banking. The AMA scheme will allow users with feature and non-feature phones to open a bank account through USSD channels, without the need for an internet connection.
