Branchless Banking
BRANCHLESS BANKING IN PAKISTAN
Submitted To Sir Fida Hussain Bukhari
Submitted By Syed Qasim Raza
Roll No Mi08Bbba011
Hailey College of Banking & Finance
Punjab University
ACKNOWLEDGEMENT
Words will never be able to express enough my fervent gratitude to almighty Allah, the most compassionate and merciful, for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and spiritual teachings have enlightened our heart and mind and have guided our thoughts towards new horizons enriched with great ideas of life.
I am undoubtedly indebted to Sir Fida Hussain Bukhari who has been our mentor and thanks for his kind supervision, valuable suggestions and moral support through out my research. I am highly impressed by his intellectual activities and inexhaustible energies used in steering forth the students.
I must take this opportunity to appreciate efforts and co-operation of my fellow students and friends whose constructive suggestions made it possible for me to conduct this project. I extend my thanks to all of them for there helping hand whenever needed. Once again words fail in expressing my thanks to my family, whose hands are always raised in prayers for my success.
ABSTRACT
“Branchless Banking is the future”
This was said by the Governor, State Bank of Pakistan. Branchless Banking emerged as a promising new approach to accelerate financial inclusion. By changing the costs and risks of distributing financial services, channels outside the branch have enabled large commercial banks and new entrants like mobile network operators (MNOs) to contemplate reaching large numbers of unserved people.
There are different models for branchless banking and currently in Pakistan only two of them are being used. The starting of branchless banking in Pakistan has shown good growth and has been welcomed by the general public as well.
But the
Submitted To Sir Fida Hussain Bukhari
Submitted By Syed Qasim Raza
Roll No Mi08Bbba011
Hailey College of Banking & Finance
Punjab University
ACKNOWLEDGEMENT
Words will never be able to express enough my fervent gratitude to almighty Allah, the most compassionate and merciful, for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and spiritual teachings have enlightened our heart and mind and have guided our thoughts towards new horizons enriched with great ideas of life.
I am undoubtedly indebted to Sir Fida Hussain Bukhari who has been our mentor and thanks for his kind supervision, valuable suggestions and moral support through out my research. I am highly impressed by his intellectual activities and inexhaustible energies used in steering forth the students.
I must take this opportunity to appreciate efforts and co-operation of my fellow students and friends whose constructive suggestions made it possible for me to conduct this project. I extend my thanks to all of them for there helping hand whenever needed. Once again words fail in expressing my thanks to my family, whose hands are always raised in prayers for my success.
ABSTRACT
“Branchless Banking is the future”
This was said by the Governor, State Bank of Pakistan. Branchless Banking emerged as a promising new approach to accelerate financial inclusion. By changing the costs and risks of distributing financial services, channels outside the branch have enabled large commercial banks and new entrants like mobile network operators (MNOs) to contemplate reaching large numbers of unserved people.
There are different models for branchless banking and currently in Pakistan only two of them are being used. The starting of branchless banking in Pakistan has shown good growth and has been welcomed by the general public as well.
But the