Business Desk 
Mar 21, 2025
In a move to boost digital financial inclusion in the country, the State Bank of Pakistan (SBP) has granted in-principle approval to Paysa Technologies, another new player in Pakistan’s growing fintech sector.
With this approval, Paysa Technologies gets another step closer to launching its Electronic Money Institution (EMI) services, ProPakistani reported.
The new fintech firm aims to bring e-money wallets for both consumers and merchants, along with point of sale transaction (POS) and QR payment solutions to enhance digital transactions.
Founded in 2022, the primary objective behind Paysa Technologies' establishment is to simplify online payments and provide seamless e-money solutions for individuals and businesses in equal respects.
As of now, four EMI operators hold in-principle approval from the SBP, with one having progressed further to pilot operations.
On the other hand, six e-money operators are already offering commercial services across Pakistan, from which four have withdrawn their licenses.
