Tagged: SBP

Fintech Adoption in Pakistan on the Rise with Japan Communications and Saffran Group Committing to Investing in Local Financial Tech Initiatives

Japan Communications Inc., a company that engages in the provision of wireless data communication services via in-house software solutions, has partnered with Pakistan‘s Saffran Group, a multinational technology development company. Through the partnership, the companies will invest in financial technology projects in Pakistan via the… Read More

Digital Banking: State Bank of Pakistan Might Provide Virtual Accounts to Overseas Pakistanis to Help them Manage their Finances

The State Bank of Pakistan (SBP), the nation’s central bank, recently revealed that it’s looking into whether it should provide digital bank accounts to Pakistanis residing abroad. Reza Baqir, the reserve bank’s governor, noted that overseas Pakistanis won’t have to be physically in the country… Read More

Pakistani Fintech Firm SadaPay Receives “In-Principle” Approval from Nation’s Central Bank to Faciltate Digital Payments

SadaPay, an Islamabad-based Fintech firm, has reportedly been given in-principle approval by the State Bank of Pakistan, or SBP (the nation’s central bank). for an electronic money institution (EMI) license. SadaPay confirmed that the approval will allow it to provide certain financial services through its… Read More

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