Prologue Last year I wrote, what I thought to be candid (read: fair) assessment of State Bank of Pakistan’s newly released license application for becoming a Payment Service Operator (PSO) or a Payment Service Provider (PSP). The two articles can be read here: How State Bank of Pakistan just killed the Payments & Fintech Startup […]
For those who don’t know, I.I. Chundrigar Road is the road on which the Central Bank of Pakistan, i.e. State Bank of Pakistan is located. Last week they released their Rules for Payment System Operators & Payment Service Providers, which essentially killed the Payments & Fintech startup industry of Pakistan. Murder on Chundrigar Road is […]
State Bank of Pakistan recently released the much anticipated Rules for Payment System Operators & Payment Service Providers. The expectations were high. The results. Disappointing.