The Pakistan Telecommunication Authority (PTA) has released 'Regulations for Technical Implementation of Mobile Banking'. The new regulations came into force on 6 May. The PTA says these regulations apply to telecom operators and third-party service providers to offer technical services for mobile banking through service level agreements with authorized financial institutions by means of any of the mobile banking models prescribed in these regulations.
Under the new regulations, all telecom operators that have a valid licence can provide technical services to financial institutions for provision of m-banking services, without obtaining a separate licence for this purpose from PTA under the 'one-to-one model'.
Third-party service providers that have a licence from PTA and authorized for providing technical services for m-banking by SBP will be authorized to provide technical services to AFIs and telecom operators for offering m-banking services under the 'any-to-any model'. The main objective of third-party service providers should be to enable interoperability among financial institutions and telecom operators.
Source: http://www.telecompaper.com/news/pakistan-launches-m-banking-regulations--1143989