SBP Grants Full Commercial License to Safepay

The State Bank of Pakistan (SBP) has officially authorized Safepay, a prominent fintech firm specializing in digital payment solutions, with a complete commercial license, allowing it to function as a Payment Service Provider.

Safepay stated that this substantial achievement comes after a demanding assessment period and pilot programs, during which Safepay exhibited its dedication to innovation, customer-focused services, and abidance by regulatory requirements.

The complete commercial license permits the company to broaden its service offerings, delivering all-inclusive digital payment alternatives to enterprises throughout Pakistan.

This decision is in line with the SBP’s continuous initiatives to foster financial inclusion and digital advancement within the nation’s banking industry. Safepay intends to make a considerable impact on the development of Pakistan’s financial environment by utilizing state-of-the-art technology and a customer-centric strategy.