State Bank of Pakistan Set to Approve 5 Digital Banks0

• Tech
• September 13, 2023

The State Bank of Pakistan (SBP) is poised to grant in-principle approvals to five newly established financial companies looking to launch digital banks in the country. This significant step towards expanding the digital banking landscape in Pakistan will see KT Bank, Mashreq Bank, Hugo Bank, Easypasisa and Raqami receive initial licenses. The SBP issued No-Objection