banking, development, Pakistan

Biometrics as a key enabler of microfinance

Pakistan Microfinance landscape: Opening an account within a minute (Exress Tribune)

…[A] lot of bankable people remain unbanked in Pakistan mainly because of tedious form-filling procedures imposed in the name of know-your-customer (KYC) requirements.

But thanks to the biometric identification devices currently being installed for SIM cards across the country, the microfinance landscape in Pakistan is going to change forever, according to Tameer Microfinance Bank CEO Nadeem Hussain.

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