SBP invites applications for First Cohort of Regulatory Sandbox to foster Innovation
MG News | August 25, 2025 at 11:41 PM GMT+05:00
August 25, 2025: The State Bank of Pakistan (SBP) has
officially opened applications for the first cohort of its Regulatory Sandbox (RSB), a strategic
initiative aimed at promoting innovation in the country’s financial sector
while ensuring consumer protection and financial stability.
In line with the SBP Vision 2028, the central bank has announced three key
focus areas for this inaugural cohort:
1.
Technology-enabled solutions for inward remittances
2.
Open Banking
3.
Remote onboarding of merchants
The Regulatory Sandbox provides a controlled
environment where individuals and firms can test innovative financial products,
services, or business models with live customers under SBP’s supervision. The
initiative is expected to help both innovators and regulators better understand
emerging technologies and their impact on Pakistan’s evolving fintech
landscape.
Interested applicants are encouraged to submit
proposals that align with the above themes. Applications will be accepted from August 25 to October 5, 2025, and must
be submitted via email to regulatory.sandbox@sbp.org.pk
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