Raising the Bar for Pakistan's Fintech Ecosystem
Despite the significant efforts made by all the stakeholders, Pakistan’s fintech ecosystem still has a long way to go.
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Despite the significant efforts made by all the stakeholders, Pakistan’s fintech ecosystem still has a long way to go.
SBP Issues Pilot Approvals to Seven PSO/PSP for Payment Digitization Operations Seven new Payment System Operators/Payment Services Providers (PSO/PSP) are set to commence their operations in Pakistan to form a landscape of payment digitization system through various services. The State Bank of Pakistan (SBP) has issued in-principle and pilot approvals for these operators. Some of these operators have commenced their pilot operations, along with their business partners, while a couple of operators received approval for multiple services. According to the central bank, these entities will work...
Prime Minister Imran Khan launched Pakistan’s first instant payment system – Raast – to enable end-to-end digital payments among individuals, businesses,