The Innovation In Banking System In Pakistan

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THE INNOVATION IN
BANKING SYSTEM IN
PAKISTAN
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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
todays 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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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
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1
INTERNET BANKING THAT ALLOWS YOU TO DO
TRANSACTIONS ONLINE
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2
PAYING UTILITY BILLS ONLINE FROM THE COMFORT OF
YOUR HOME OR OFFICE.
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3
MOBILE/PHONE BANKING
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4
MESSENGER BANKINGAVAILING SOME BANKING
FACILITIES THROUGH WHATSAPP, FACEBOOK, ETC.
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INVESTMENTS OF BANKS IN CSR, SUCH AS WOMEN
EMPOWERMENT, EDUCATION, ETC.