HOW PAPER MONEY WILL BE TURNED INTO e-MONEY?
6. Following steps will require to be taken to turn paper money into e-money. (a) A secured, fire walled and encrypted intranet will be established with in Pakistan to link all commercial banks and NADRA database with main server of State Bank of Pakistan. Users accessing intranet from their personal computers/PDAs/Laptops will be restricted to connect internet and intranet at the same time. The intranet will not connect if the system detects an internet connection. In the same way intranet will automatically disconnect, if a user will try to connect internet while he is already connected to intranet. This arrangement will safeguard the system from cyber intruders and hackers. (b) A uniform software will be developed for use of State Bank and all commercial banks. Preferably, it will be a web based application which will be accessed by all banks to update their relevant data, however all data will be saved in server of State Bank. In order to develop this software, Govt can avail servi
