All Banks/Microfinance Banks
Regulations for Mobile Banking Interoperability
State Bank of Pakistan (SBP), in consultation
with Pakistan Telecommunication Authority
(PTA) issued “Regulations for Mobile
Banking Interoperability” vide BPRD
Circular No. 03 of 2016 dated May 16, 2016.
The objective of these regulations was to
create an enabling regulatory environment,
bring systemic harmony, introduce standardization
and set benchmarks for mobile / branchless
2. Asaan Mobile Account (AMA) scheme has
emerged as one of the important use cases
of Third Party Service Provider (TPSP), as
such, integration/interconnection of Authorized
Financial Institutions (AFIs) and Telecom
Operators with TPSP(s) is essential for the
successful implementation of AMA Scheme.
3. Keeping in view the above and especially
for achieving National Financial Inclusion
Strategy (NFIS) objectives and targets, it
has been decided to amend clause 9(3) of aforesaid
regulations with immediate effect, as follows:
“It is mandatory for AFI (s)
and Telecom Operator (s) to join with one
of the TPSP to facilitate each other in the
provision of interoperable Branchless Banking
services including AMA Scheme. For this purpose,
TPSP(s) shall sign interconnect agreements/SLAs
with all the telecom operators and AFIs”.
4. All other instructions on the subject
matter shall remain unchanged.
5. Please acknowledge receipt.