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Branchless Banking Flourishes with 16 New Entrants in 1QFY24

Embracing a dynamic shift, sixteen banks and Microfinance Banks (MFBs) have broadened their horizons by venturing into Branchless Banking (BB) services in the first quarter of FY24. This strategic move is highlighted in the quarterly payment systems report released by the State Bank of Pakistan (SBP), showcasing a significant expansion in the accessibility of financial…

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