state bank of pakistan

Pakistan: Why Marketplaces & Other Stored Value Payment Networks need to be treated like Remittances

Why State Bank of Pakistan’s PRI (Pakistan Remittance Initiative) needs to be proactive. Their complacent manner is costing Pakistan Millions of Dollars worth of valuable Foreign Exchange. What is Remittance? The technical definition of the word Remittances varies from market to market. Financial Regulators have their own homegrown definitions for it. Here are a bunch …

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Murder on Chundrigar Road: How SBP killed the payments/fintech startup industry.

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 …

Murder on Chundrigar Road: How SBP killed the payments/fintech startup industry. Read More »

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