The State Bank of Pakistan (SBP) has announced to launch a new initiative, named as ‘Asaan Mobile Account, on Monday.

In a press release, the central bank said that the initiative has been developed under the National Financial Inclusion Strategy aimed at facilitating the customers for remote account opening under branchless banking.

Through Asaan Mobile Account initiative, the customers would be able to open and operate their accounts from the comfort of their homes, SBP said.

“The solution has been developed through collaboration of SBP, Pakistan Telecommunication Authority (PTA), National Database and Registration Authority (NADRA), 13 Branchless Banking (BB) Providers, all Cellular Mobile Operators (CMOs) and Virtual Remittance Gateway (VRG),” the statement read.