Karachi, November 6, 2024 – The State Bank of Pakistan (SBP) has granted in-principle approvals to Toko Lab Private Limited and Accept Technologies Private Limited (operating as PayMob) to operate as an Electronic Money Institution (EMI) and Payment System Operator (PSO)/Payment Service Provider (PSP), respectively. These entities are now expected to establish their operational infrastructure […]
October 28, 2024 – The State Bank of Pakistan (SBP) has granted Hubpay (Private) Limited approval to initiate pilot operations as an Electronic Money Institution (EMI) in Pakistan. This milestone marks a key step in Hubpay Pakistan’s plans to provide secure and accessible digital financial services, tailored for individuals and businesses in the country. Hubpay […]
In a strategic move to bolster its presence in the financial sector, Pakistan State Oil (PSO) has secured a significant milestone as its fully-owned subsidiary, Cerisma Pvt Limited, receives approval from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI). The banking regulator has granted an in-principle approval to Cerisma for […]