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State Bank approves EMI licence for fintech

State Bank approves EMI licence for fintech Company aims to rapidly enhance financial inclusion in country There is a need for the Islamic banking industry to capitalise on fintech to sustain its growth momentum, says SBP statement. PHOTO: FILE LAHORE: The State Bank of Pakistan (SBP) has continued to aid the digital financial ecosystem by taking different measures including the Roshan Digital Account and Raast instant payment system. In this regard, the central bank recently gave, in principl...
Humayun Akhtar Khan Mick Wu Akhtar Group Electronic Money Institution Shanghai Fuiou Payment Services Group State Bank

Akhtar Fuiou Technologies – A Step Towards Digital Pakistan

Akhtar Fuiou Technologies โ€“ A Step Towards Digital Pakistan Akhtar Fuiou Technologies, a new Fintech in Pakistan, has received SBPโ€™s in-principle approval for an Electronic Money Institution License. AFT will soon launch a pilot operation for its e-wallet business. In the recent push for digitization in the country, Akhter Fuiou Technologies (AFT) is a dynamic new entrant. Its vision is to revolutionize the countryโ€™s commercial and technology environment to rapidly increase financial incl...
Humayun Akhtar Khan Mick Wu Shanghai Fuiou Payment Services Corp Akhtar Group Ltd Fuiou Group Electronic Money Institution

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