Public Awareness


Home remittances are a major source of income for families of expatriate Pakistanis and contribute significantly in country’s economic activities. Moreover, these are a vital source of foreign exchange for the country. To accelerate the flow of home remittances through banking channels and facilitate expatriates with a reliable, swift and cost effective conduit to transfer money to Pakistan, SBP has launched an M-Wallet Scheme for promotion of Home Remittances (see Circular to banks). These M-wallets are specifically called Branchless Banking Home Remittance Accounts (BB-HRA).

Under the scheme, banks in partnership with telcos have introduced new, or tag the existing, M-wallets for home remittances. Users of these M-wallets will be able to receive home remittances in their accounts and use them when needed to withdraw cash or transfer funds, make purchases or pay bills. Every US dollar equivalent of money received in these accounts will also be provided with an airtime of two rupees equivalent in their mobile phones.

 Salient Features  
Easy Account Opening
Accounts may instantly be opened/ activated at a bank branch or a branchless banking agent location with minimum documentation through biometric verification. Already opened M-wallets (Branchless Banking Level 1 accounts) may also be designated as BB- HRA through an easy registration process.
Free Airtime
On receiving home remittances in BB-HRAs, free airtime will be extended in the SIMs registered against these accounts. For example, on receiving USD 100, you will receive free airtime of Rs. 200 on the registered SIM.
No More Queues
Home remittance can now be received directly in M-wallets and there is no requirement to visit a bank branch, fill forms or stand in a que to receive your remittances.
Cash from any ATM or BB Agent
Remittances received in M-wallets may be withdrawn from branchless banking agent network throughout the country. You can also withdraw cash from an ATM by using ATM cards issued against M-wallets.
Transfer of Funds
Funds from M-wallets may be transferred to any other branchless or conventional banking account for easy payments to friends, family or anyone.
Payment of Utility Bills
M-wallets can also be used for payment of electric, gas, telephone and mobile phone bills or top ups.
Return on Account Balance
Banks will remunerate the balance available in M-wallets as per their policy and guidelines.
 Who can open Mobile-Wallet?
This account is meant for beneficiaries of home remittances i.e. individuals having Pakistani nationality only.
Individuals can open these accounts on singular basis.
One CNIC holder can open only one M-wallet (BB-HRA) in a bank.
 How much you can receive in your M-wallet?
These M-wallets can only be fed with home remittances i.e. money sent from abroad. No local deposit is allowed.
You can keep a maximum balance of PKR. 1,500,000 in your account.
There is restriction on receiving home remittance on a daily basis (subject to maximum balance limit).
 How much you can withdraw cash from your
You can withdraw cash up to PKR 50,000 per day and up to a maximum of PKR 500,000 in a month

Click for Video
 Participating Banks
Askari Bank Ltd FINCA Microfinance Meezan Bank Ltd Telenor Bank
Bank Alfalah HBL Bank Ltd Mobilink Bank U Microfinance Bank
Dubai Islamic Bank MCB Bank Ltd JS Bank United Bank Ltd

 Receive remittances at home through legal channels.
 Avoid Hawala/Hundi
Public service message from
State Bank of Pakistan

 Complaints related to the delivery of funds:
                 +9221 111-727-774
For More Detail:

About SBP
Economic Data
Press Releases
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
SBP Welfare Trust
Contact us
What's New?
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Rupey ko Pehchano
Zahid Husain Memorial Lecture
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.