๐ New Banking Rule: โCooling Timeโ Introduced for Mobile Transfers
The State Bank of Pakistan has introduced a new rule for JazzCash, Easypaisa, and other mobile banking services. Now, when you send money to someone, the recipient cannot withdraw or use it for two hours.
This two-hour period, called the โCooling Time,โ aims to protect users from fraud and accidental transfers. If you mistakenly send money to the wrong number, youโll have enough time to file a complaint and stop the transaction.
This new measure strengthens digital payment security and builds trust in mobile banking systems across Pakistan.