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PSO SBP

SBP Strengthens Digital Financial Landscape with New EMI License

KARACHI, November 20 2024: The State Bank of Pakistan (SBP) has granted a license to M/s. E-Processing Systems Private Limited (EPSPL), enabling it to commence commercial operations as an Electronic Money Institution (EMI). This development marks a significant milestone in Pakistan’s ongoing digital transformation, bolstering the country’s financial inclusion and digital payments ecosystem. Revolutionizing Digital…

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EMI license

Paymax withdraws its EMI license

Islamabad, 0ctober 24, 2023 :The Chinese operator backed by Zong, CMPECC has withdrawn its license of Electronic Monetary Institution (EMI) after the operator carried out its  operations for more than one year under the brand of Paymax. The operator was awarded commercial license in March 2022 which launched the service of e-money wallets for merchants…

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