Due to inherent risks and existing legal  2  BIS Review 54/2010  framework, the telco-led model has not been permitted at the moment. These actions were reinforced by the Ministry of Information Technology and Pakistan Telecommunication Authority, which issued policy directives to provide technical support for the implementation of Branchless Banking in Pakistan. 11.
With an enabling regulatory structure and growing technology sector, Pakistani banks and microfinance players can now utilize international best practices and models to diversify their financial services and develop partnerships for managing special initiatives. 12. As a result of Branchless Banking regulations, at present three models are operating in Pakistan. The first is MFB’s kiosks at retailer’s premises.