Now with the emergence of new enabling technologies, the retail payment systems are being transformed into the so-called “faster payments” that enables the public to pay and receive money in almost real time. Consumers accustomed to instant communication via email and social media expect to be able to make payments instantly.
Therefore it is not surprising that these faster payments are rapidly gaining acceptance and popularity. Page 7 of 10  13. To remain abreast with these trends, SBP has already started work on the implementation of a Micro Payment Gateway in partnership with Bill & Melinda Gates Foundation and its representatives in Pakistan.