Pakistan: State Bank Consults on Draft Regulations for Non-Banking Entities

On October 8, 2018, the State Bank of Pakistan (SBP) launched a consultation seeking public feedback on its draft regulations for e-money institutions (EMIs), with the aim of facilitating the entry of new non-banking entities offering innovative, user-friendly and cost-effective digital payment prepaid instruments in the financial market.

By means of the draft regulations, the SBP seeks to achieve the following, among other things:

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