Karachi December 26 2022: State Bank of Pakistan extended the temporary waiver on One Time Password (OTP)/Call Back Confirmation (CBC) requirement to banks for Asaan Mobile Account (AMA) customers till May 10, 2023.
Asaan Mobile Account (AMA) platform is a revolutionary initiative undertaken by State Bank of Pakistan (SBP) and Pakistan Telecommunication Authority (PTA), in collaboration with branchless banking (BB) providers, telecom operators and other development partners. The AMA platform has been launched under the National Financial Inclusion Strategy (NFIS) that aims to facilitate general masses, especially the low income segments, to digitally open their BB accounts and use the available financial services in a swift, easy and affordable manner.
