ways people think and do their banking business today. 9. the outcome of e - banking in pakistan will be gradual but the trends towards adoption of information technology are quite encouraging. transformation from traditional banking modes to modern ways of banking is taking place at a fast pace. a number of alternate delivery channels for provision of banking services like atms, credit cards, pos ( point of sale ) terminals, internet banking, debit cards already exist in our country to benefit the masses. currently, 93 % of the total bank branches are offering real - time online services. 10. i would like to acknowledge the efforts of tameer bank and telenor towards financial inclusion and deposit mobilization. it will not only bring economic prosperity but also help alleviate poverty and improve living standards of the people of pakistan. state bank of pakistan looks forward to the success and positive outcomes of easypaisa khushaal and expects more innovative products from tameer microfinance for promoting deposit mobilization and financial inclusion agenda. bis central bankers ’ speeches

, innovative and always eager banking and telecom industry in the country. i would like to share some numbers that show the level of take - up of branchless banking services in the country. for example : • currently, eight branchless banking deployments are live in the market and four more are yet to go live this year. • up to december 2013, providers ’ combined network has reached to almost 125, 000 agents spread across all over pakistan. • total number of branchless banking transactions has shown continuous growth in each successive quarter. 54 million transactions worth rs. 234 billion were performed during the quarter ended december 2013. bis central bankers ’ speeches • currently 3. 5 million customers hold branchless banking accounts ( also known as m - wallets ) to avail host of services including fund transfer, utility bill payment, domestic remittance, mobile top ups, loan repayment, and saving account features. • branchless banking has played a pivotal role in providing efficient financially inclusive government to person ( g2p ) payments to welfare beneficiaries of benazir income support program ( bisp ), watan card and bayt - ul - mall. ladies & gentlemen, while we have achieved initial success through accumulating a critical mass of transactions and customers ’ acquisition in branchless banking, we are by no means complacent. we are focusing our energies to identify gaps and bring solutions to address those gaps. sbp is strengthening its regulatory oversight through measures such as regular diagnostic and inspections, compliance forum, and agent monitoring system. sbp has also formed the national branchless banking consultative group which draws representation from branchless banking industry players including banks, mobile operators, and technology service providers. this group is actively working on different protocols including agent code of conduct, agent sharing models, interoperability schemes, consumer protection framework etc. ladies & gentlemen, it is a matter of great comfort and satisfaction for banking and telecom companies that their respective regulators i. e. sbp and pta share the vision and are working in close collaboration to provide an enabling regulatory environment for development of mobile / branchless banking services. keeping in view the importance of interoperability for promotion of branchless / mobile banking, sbp and pta are working closely in developing a regulatory framework for third party service provider ( tpsp ). eventually, mobile financial services would become interoperable once tpsp regulatory framework is issued. going forward, much is still needed to be done. sbp