SBP grants license to EPSPL to launch e-money services

MG News | November 20, 2024 at 05:16 PM GMT+05:00

0:00

November 20, 2024 (MLN): The State Bank of Pakistan (SBP) has given license to E-Processing Systems Private Ltd. (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI).

Under the license, the EMI will offer e-money wallets to consumers, merchants, and agents.

With this license, the number of EMIs undertaking commercial operations will increase to five, namely NayaPay Private Ltd., Finja Private Ltd., SadaPay Private Ltd., Akhtar Fuiou Technologies Private Ltd., and E-Processing Systems Private Ltd..

In addition, two EMIs, namely Wemsol Private Ltd. and HubPay Private Ltd., are in pilot operations.

Meanwhile, three more EMIs—YAP Pakistan Private Ltd., Cerisma Private Ltd., and Toko Lab Private Ltd.—have been given in-principle approval and are currently in the process of developing organizational and technological infrastructure to commence pilot operations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	146,480.15 378.01M	-6.99% -11015.95
ALLSHR	88,401.15 613.63M	-6.18% -5825.86
KSE30	44,996.51 162.61M	-6.90% -3333.70
KMI30	210,039.41 136.40M	-6.52% -14647.92
KMIALLSHR	57,315.72 369.31M	-5.79% -3523.37
BKTi	42,364.50 67.24M	-6.87% -3125.46
OGTi	31,480.49 21.12M	-1.88% -602.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,680.00	69,670.00 65,685.00	385.00 0.56%
BRENT CRUDE	97.87	119.50 96.05	5.18 5.59%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-13.60 -12.04%
ROTTERDAM COAL MONTHLY	132.00	134.20 132.00	5.05 3.98%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	93.55	119.48 91.63	2.65 2.92%
SUGAR #11 WORLD	14.62	14.64 14.25	0.52 3.69%