The State Bank of Pakistan (SBP) has granted in-principle approval (IPA) to PaySa to operate as an Electronic Money Institution (EMI), marking a pivotal advancement in Pakistan’s digital payments sector. With this approval, PaySa introduces an innovative, technology-driven ecosystem that enhances transaction efficiency, interoperability and security at scale.

Unlike conventional EMI approvals focusing solely on consumer and merchant wallets, PaySa’s approval extends to POS and QR acquiring, facilitating a broader range of digital payment solutions. This strategic differentiation positions PaySa as a comprehensive digital payments provider, bridging gaps in Pakistan’s evolving fintech landscape.

Under this EMI framework, users can access various services, including e-money accounts, instant P2P transfers, bill payments, digital debit transactions and cash withdrawals. PaySa emphasises automation, security and compliance, aligning with international best practices to ensure reliability and regulatory adherence.

“PaySa’s objective is to drive digital transaction efficiency at scale, bringing next-generation payment solutions to Pakistan,” said PaySa CEO Ali Adnan. “Our technology delivers agility, security and inclusivity, ensuring digital payments become the norm for businesses and individuals alike.”

Beyond its technical prowess, PaySa has also advanced financial inclusion. PaySa aims to make low-cost financial services accessible to underbanked populations, enabling broader participation in the digital economy. However, its core strength is modernising Pakistan’s payment infrastructure, reducing cash dependency and establishing a more seamless, efficient financial ecosystem. With this milestone, PaySa redefines the future of digital payments, delivering secure, scalable and high-performance financial solutions.

For more updates visit: www.paysa.com.pk.

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