SBP grants license to EPSPL to launch e-money services

By 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	123,313.14 54.12M	0.45% 551.50
ALLSHR	77,011.00 148.26M	0.48% 371.45
KSE30	37,551.90 14.36M	0.45% 167.13
KMI30	183,292.68 22.60M	0.70% 1282.14
KMIALLSHR	53,071.25 107.79M	0.75% 397.50
BKTi	31,250.21 1.25M	0.08% 26.02
OGTi	27,905.27 4.65M	1.43% 392.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,820.00	108,370.00 107,205.00	-20.00 -0.02%
BRENT CRUDE	67.94	68.11 67.63	0.26 0.38%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-2.60 -2.87%
ROTTERDAM COAL MONTHLY	103.45	0.00 0.00	-0.05 -0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.22	65.38 64.89	0.30 0.46%
SUGAR #11 WORLD	16.62	16.65 16.31	0.26 1.59%