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Fintech & Banking News

Stay updated with the latest breaking Fintech & Banking news, IT exports, freelance policies, and digital innovation in Pakistan.

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SECP & SBP Operationalize National Open Finance Framework: Launching Licensed Account Aggregators Across Pakistan
Fintech & Banking

SECP & SBP Operationalize National Open Finance Framework: Launching Licensed Account Aggregators Across Pakistan

State Bank of Pakistan (SBP) and SECP notify the National Open Finance and Account Aggregator Regulations 2026, enabling citizen-consented financial data portability across banks, capital markets, and fintech lenders.

Oct 24, 2026
SBP Mandates National Card-on-File Network Tokenization: Eliminates Stored Card Breaches Across Pakistani E-CommerceFintech & Banking

SBP Mandates National Card-on-File Network Tokenization: Eliminates Stored Card Breaches Across Pakistani E-Commerce

State Bank of Pakistan (SBP) issues binding regulations requiring payment gateways, digital acquirers, and e-commerce platforms to replace stored card numbers with Visa, Mastercard, and PayPak cryptographic network tokens.

Oct 23, 2026
SBP Grants Commercial Operational Charters to Five Digital Retail Banks: Nationwide Launch of Branchless NeobanksFintech & Banking

SBP Grants Commercial Operational Charters to Five Digital Retail Banks: Nationwide Launch of Branchless Neobanks

The State Bank of Pakistan (SBP) awards full commercial commencement charters to five Digital Retail Banks (DRBs), inaugurating the era of branchless neobanking with mandatory active-active domestic cloud architectures and instant Raast integration.

Oct 13, 2026
State Bank of Pakistan Launches Raast Direct Debit: Automated Recurring Subscriptions Go Live for Fintech & SaaSFintech & Banking

State Bank of Pakistan Launches Raast Direct Debit: Automated Recurring Subscriptions Go Live for Fintech & SaaS

The State Bank of Pakistan (SBP) officially operationalizes the Raast Direct Debit and Auto-Debit Mandate API, empowering local software companies, SaaS platforms, edtech startups, and utility providers to collect automated recurring payments directly from bank accounts.

Oct 12, 2026
SBP Approves First Fully Digital Islamic Microfinance Bank License in PakistanFintech & Banking

SBP Approves First Fully Digital Islamic Microfinance Bank License in Pakistan

The State Bank of Pakistan (SBP) marks a historic milestone by approving the nation's first fully digital Islamic microfinance banking license, paving the way for Shariah-compliant financial inclusion powered by cutting-edge fintech.

Sep 20, 2026
SBP Launches National Digital Asset Custody Framework & Wholesale Digital Rupee (CBDC) Pilot with Commercial BanksFintech & Banking

SBP Launches National Digital Asset Custody Framework & Wholesale Digital Rupee (CBDC) Pilot with Commercial Banks

The State Bank of Pakistan (SBP), in coordination with PVARA and commercial banking partners, has officially commenced the pilot phase of its National Digital Asset Custody framework and Wholesale Digital Rupee (CBDC) interbank settlement network.

Sep 9, 2026
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