Application form state bank of pakistan

After the launch of the first phase of Raast Bulk Payments in January 2021, SBP is now introducing Raast Person-to-Person (P2P). Under Raast P2P fund transfers and settlement services, bank customers would be able to send and receive funds in their accounts using their bank’s mobile application, internet banking or over the counter services. More

Licensing and Regulatory Framework for Digital Banks

State Bank of Pakistan has launched licensing and regulatory framework for setting up digital banks in Pakistan as a separate and distinct category in the banking business. Digital bank is defined as a bank which offers all kinds of financial products and services primarily through digital platforms or electronic channels instead of physical branches. More

Digital Financial Services

Digital Financial Services (DFS) include a broad range of financial services accessed and delivered through digital channels. DFS can be a catalyst in improving living standards, reducing poverty, decreasing fiscal deficit, and providing equal income opportunity to all Pakistanis.

What are we doing?

1. Enhancing payments systems for digital age.
2. Championing a platform to boost financing for small businesses.
3. Developing an all-inclusive non-discriminatory data strategy.
4. Promoting an enabling regulatory environment for new players.
5. Facilitating firms’ use of technology for operational resilience.
6. Forming new contractual relationships between financial institutions and third parties.

Key Stats

Payment Cards: 54.3 million

Mobile Phone Banking Users: 17.0 million

ATMs: 18,117

E-Commerce merchants: 7,310

POS machines: 118,444

PRISM Participants: 59