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.
I believe that the market has to start shifting transactions from first generational services (Person-to-person/Bills payments) to second generational services (account-toaccount and inter-bank transfer). The players need to expand their product portfolio by offering new products and services for their target market.