Central Banking

Combined ATM system starts in Pakistan

Dr Ishrat Husain, the governor of the State Bank of Pakistan (SBP), has inaugurated the two ATM switches, Mnet and 1-Link, at a ceremony held at the SBP building.

Addressing officials of the financial sector on the occasion, Dr Husain said with interswitch connectivity, ATM and debit cardholders of any bank can now access their accounts for cash and account information from ATM of any bank in the country.

He said with this interswitch connectivity, the SBP has achieved a major milestone and th

To continue reading...