Karachi, November 19, 2024 – E-Processing Systems Pvt. Ltd. (EPS) has achieved a major milestone by securing a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp, to operate as an Electronic Money Institution (EMI). This breakthrough positions EPS to address financial exclusion and accelerate the adoption of digital payment services across Pakistan.
Despite significant advancements in financial technology, millions of Pakistanis, especially those in rural and underserved regions, remain outside the formal financial system. These communities rely heavily on cash-based transactions, which are often inefficient, insecure, and costly, further limiting economic participation and growth. EPS aims to change this narrative with OneZapp, a digital payment platform designed to empower individuals and businesses through seamless, secure, and affordable access to digital financial tools.
OneZapp: Bridging the Financial Divide
OneZapp is set to revolutionize financial accessibility by offering wallet accounts for individuals, agents, and merchants. The platform simplifies digital transactions through mobile wallets, peer-to-peer payments, and direct bank transfers. By providing these solutions, OneZapp aims to reduce reliance on cash-based systems, opening up new opportunities for financial inclusion and economic empowerment.
“At EPS, we are committed to enabling financial inclusion for millions,” said Syed Muhammad Ammar Yasin, CEO of EPS. “With SBP’s approval, OneZapp will not only facilitate digital payments but also create pathways for individuals and businesses to thrive in the digital economy.”
Empowering Underserved Communities with an Agent Network
A cornerstone of OneZapp’s mission is building a robust agent network to extend its services to underserved and remote areas. These agents will play a crucial role in ensuring the accessibility of OneZapp’s digital tools, allowing individuals and small businesses to seamlessly transition to formal financial systems. This approach aligns with EPS’s vision of empowering communities and promoting financial inclusion at the grassroots level.
Future Plans: Expanding Services to Meet Evolving Needs
Looking ahead, EPS plans to expand OneZapp’s offerings to include innovative features such as cards, micro-insurance, merchant payments, and financial literacy programs. These enhancements will be supported through strategic collaborations and in-house developments, ensuring the platform adapts to the evolving needs of its users.
Driving Pakistan Toward a Cashless Future
As Pakistan takes steps toward a digital and cashless economy, OneZapp is at the forefront of this transformation. With scalable solutions, community-centric initiatives, and a focus on inclusivity, EPS is set to play a pivotal role in shaping a financially empowered future for the country.
For more information about OneZapp, visit: http://www.onezapp.pk/
