AGL40.35▲ 0.34 (0.01%)AIRLINK126.9▼ -1.09 (-0.01%)BOP6.62▲ 0.02 (0.00%)CNERGY4.43▼ -0.17 (-0.04%)DCL8.55▲ 0.07 (0.01%)DFML41.7▲ 0.22 (0.01%)DGKC86.79▲ 0.21 (0.00%)FCCL32.18▲ 0.04 (0.00%)FFBL64.87▼ -0.55 (-0.01%)FFL10.17▼ -0.08 (-0.01%)HUBC109.4▼ -1.09 (-0.01%)HUMNL14.65▼ -0.1 (-0.01%)KEL5.1▼ -0.03 (-0.01%)KOSM7.4▲ 0.28 (0.04%)MLCF41.33▼ -0.32 (-0.01%)NBP59.5▼ -0.59 (-0.01%)OGDC194.16▼ -0.53 (0.00%)PAEL28.24▲ 0.29 (0.01%)PIBTL7.79▼ -0.21 (-0.03%)PPL151.65▲ 0.48 (0.00%)PRL26.46▼ -0.42 (-0.02%)PTC16.1▲ 0.1 (0.01%)SEARL78.79▲ 0.59 (0.01%)TELE7.45▲ 0.06 (0.01%)TOMCL35.31▼ -0.36 (-0.01%)TPLP8.25▲ 0.34 (0.04%)TREET16.02▲ 0.13 (0.01%)TRG52.7▼ -0.06 (0.00%)UNITY26.71▲ 0.16 (0.01%)WTL1.26▼ -0.01 (-0.01%)

SBP enhances transaction limits to facilitate digital payments at cattle markets

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

KARACHI – The State Bank of Pakistan (SBP) has temporarily enhanced the transaction/balance limits for various categories to facilitate digital payments at cattle markets on the eve of Eid-ul-Azha.

The revised limits will be effective from May 31 to June 20, 2024, to facilitate the sale/purchase of animals at cattle markets. The initiative aims to address the issue of significant cash-based transactions that take place during this period by promoting digital channels as a safe and convenient alternative payment mode.

The accounts for which limits have been enhanced include, Branchless Banking L-1, Asaan Account/Asaan Digital Account and Merchant Account where a maximum balance limit of Rs5 million and exemption for balances exceeding usual limits have been afforded for biometrically verified accounts of cattle farmers/merchants and after conducting on-site due diligence.

Related Posts

© 2024 All rights reserved | Pakistan Observer