Governor State Bank of Pakistan Ashraf Mahmood Wathra visited the first Standard Chartered Bank Pakistan digital branch at Dolmen Mall, Karachi. While congratulating the bank for taking this innovative initiative, the Governor said that Standard Chartered Bank's branch is yet another step towards enhancing our growth in digital capabilities.
The Governor visited the branch offering an unprecedented ambience by pioneering the best-in-class digital capabilities in the Pakistani industry. With this launch, Standard Chartered once again combines its international expertise in digital banking with its local knowledge to bring together a unique offering unlike any in the market. Clients can walk into the branch to a unique state-of-the-art iDesk which displays a host of information for clients to browse, including product promotions, brochures for the complete product suite, branch and ATM directory amongst others. The branch also flaunts an Online Banking kiosk, ATM, CDM and CDK machines, digital product posters, electronic media wall and a touch screen notice board.
The SBP governor remarked that Pakistan's branchless banking policy initiatives and businesses, have won global recognition. "Pakistan, today, is one of the largest potential branchless banking growth markets in the world and ranked among the top three along Brazil and Kenya," he said. Ashraf Mahmood Wathra highlighted the robust growth of digital financial channel in Pakistan, which experienced 17 percent growth in ATM network and 16 percent growth in number of plastic cards. He stated that increased usage of online banking services day by day indicates consumers trust on digital banking channels in the country.
Commenting on the branch, he appreciated the efforts taken by Standard Chartered Bank to promote digital banking in Pakistan by launching a fully digitally capable branch.
The SBP governor was confident that SBP and the banking industry are fully synchronized to proceed in the right direction in creating a digital financial eco system which would not only pave the way towards establishment of a Cash-Lite Society, but would also smoothen the path to achieve the strategic goal of broader national financial inclusion.
Commenting on the occasion, Shazad Dada, Chief Executive of Standard Chartered Bank Pakistan said, "In line with global trends where client preference is continuously shifting towards digital channels as compared to a uni-dimensional brick and mortar setup, Standard Chartered has employed an integrated multi-channel strategy investing heavily in the digital space. I am proud that we have taken the lead in the Pakistan Banking industry, by offering digitally innovative solution."-PR
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