Thursday, March 12, 2009

PTA, SBP for promoting mobile banking …

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KARACHI: The Pakistan Telecommunication Authority (PTA) and State Bank of Pakistan (SBP) have made regulations to promote mobile banking in their own sectors, Chairman PTA Dr Muhammad Yaseen said.
Speaking to the newsmen on the sidelines of International Conference on Mobile Banking Wednesday, he said Service-Level Agreements (SLAs) are likely to be signed by the stakeholders of two sectors in future after resolving all the vital issues and procedures.
He said the authority has established an active group to create liaison between mobile phone companies and public and private banks so the financial transaction has been made easily and rapidly.
He added that cellular firms would cash in this opportunity and promote e-commerce through introducing their value-added services.
“Cell phone is not a voice device only, but it can be used for various purposes. It is a time for cellular operators to expedite race of value-added services to score their revenues besides calling rates,” he added.
PTA chief emphasised that commerce transpires as organisations introduce new methods to employ mobile devices to communicate, inform, transact and entertain by using test and data via connection to public and private networks. Emergence of mobile commerce has created new business dimensions for mobile operators to rely less upon usage fees and derive more revenue from content and services, he added.He mentioned that the existing value-added services have been offered at 2 to 2.5GB bandwidth, however, the other new services will need 3G broadband technology on the mobile set.Yaseen apprised PTA’s vision of creating a fair regulatory regime to promote investment and ensure high quality ICT services, promoting IT and telecom sector of the country through development of infrastructure. staff report

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