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SBP
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Mar 19, 2020, 6 tweets

1/6) Customer fees waived to promote #online and #mobile #banking to contain spread of #coronavirus. More details in press release: sbp.org.pk/press/2020/Pr-…

2/6) #SBP takes measures to promote #digitalpayments amid #COVID19 pandemic. Objective is to reduce need for visiting bank branches or ATMs and to promote use of internet #banking, mobile phone banking.

3/6) Charges have been waived for customers on fund transfers through online banking channels such as Inter Bank Fund Transfer (IBFT) and SBP’s Real Time Gross Settlement System.

4/6) People can transfer money through mobile phones or internet banking avoiding visit of a bank branch or ATM without incurring any cost.They will also not incur any cost in case of using ATMs or visiting bank branches for transferring large amounts & can avoid the use of cash.

5/6) Banks to facilitate customers using online banking while taking all necessary precautions to ensure the safety and security of customer’s funds. They will also ensure that call centers/helplines are available 24/7 for instant customer support.

6/6) Financial industry to immediately facilitate education fee and loan repayments through internet banking or mobile devices.

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