2  BIS central bankers’ speeches  Building public confidence on these innovative payment solutions is critical. A single failure of branchless banking deployment can erode the public’s confidence in the system which in turn may jeopardize the whole sector.
Being fully cognizant of the risk factors involved in such unconventional modes of banking, SBP has been proactively monitoring developments and associated risks both at system and entity level in order to take appropriate corrective measures in a timely manner. We must acknowledge that branchless banking has gained critical mass in a short period of time.