We see this already in the emergence of peer-to-peer lenders and technology firms offering banking services. There is also increasing competition in banking services more generally, as firms like Paypal become well-established in markets like retail payments that were previously the preserve of high street banks.
The block chain technology will play a major role in the transformation of financial industry across all value chain in the economy especially where asset holding and transfers are concerned. Ladies and Gentlemen! 9. As you all are aware that financial inclusion is one of the two cross cutting themes of policy initiatives of State Bank of Pakistan.