The State Bank of Pakistan (SBP) has granted Safepay, a prominent fintech company in the digital payments sector, a full commercial license to operate as a Payment Service Provider (PSP).Â
This marks a key development in Safepay’s journey, following a period of intensive evaluation and pilot operations.
According to Safepay, the license was awarded after the company successfully met the regulatory standards, demonstrating its dedication to innovation and customer-focused service.Â
This approval empowers Safepay to broaden its service offerings, enabling the company to provide a range of digital payment solutions to businesses across the country.
The approval reflects the SBP’s ongoing initiatives to drive digital transformation and financial inclusion in Pakistan’s banking sector.Â
Safepay, by utilising advanced technology and focusing on customer-centric solutions, aims to play a pivotal role in reshaping Pakistan’s financial ecosystem.
