{"id":64805,"date":"2020-04-29T10:00:00","date_gmt":"2020-04-29T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64805"},"modified":"2020-04-29T09:38:34","modified_gmt":"2020-04-29T04:38:34","slug":"sbp-grants-emi-license-new-digital-wallet-service","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html","title":{"rendered":"SBP grants EMI license to new &#8216;digital wallet&#8217; service"},"content":{"rendered":"\n<p>Lahore: The State Bank of Pakistan (SBP) has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service; thereby allowing the company to carry out the pilot phase of its electronic operations on a limited scale, a news source reported. The central bank will monitor the initiative.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/digital-pakistan-internship-portal-launched.html\" target=\"_blank\" rel=\"noreferrer noopener\">Digital Pakistan Internship Portal launched<\/a><\/p>\n\n\n\n<p>According to details, SadaPay is built on the basis for a \u2018digital first\u2019 financial institution in Pakistan. It aims to simplify the cost and complexities associated with traditional banking. It offers a smartphone-based digital wallet and a free virtual debit card. Users would have access to instant monitory transfers to any bank of the country and withdrawing is also available at domestic ATMs without fee. Furthermore, the facility extends the opportunity to deposit cash into SadaPay accounts via retail locations in Pakistan that numbers to over 30,000.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/lahore-taxis-display-digital-advertisements.html\" target=\"_blank\" rel=\"noreferrer noopener\">Lahore taxis to display digital advertisements<\/a><\/p>\n\n\n\n<p>Former Finance Secretary Dr Waqar Masood Khan has joined SadaPay as Chairman of the Board. As per reports, both he and SadaPay Founder Brandon Timinsky lauded the SBP for its efforts to accelerate the country\u2019s financial system\u2019s digitisation.<\/p>\n\n\n\n<p>Meanwhile, individuals who have signed up for the waitlist through SadaPay website would have early access to the services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The State Bank of Pakistan (SBP) has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service; thereby allowing the company to carry out the pilot phase of its electronic operations on a limited scale, a news source reported. The central bank will monitor the initiative. Read: Digital Pakistan Internship Portal launched According to details, SadaPay is built on the basis for a \u2018digital first\u2019 financial institution in Pakistan. It aims to simplify the cost and complexities associated with traditional banking. It offers a smartphone-based digital wallet and a free virtual debit card. Users would have access to instant monitory transfers to any bank of the country and withdrawing is also available at domestic ATMs without fee. Furthermore, the facility extends the opportunity to deposit cash into SadaPay accounts via retail locations in Pakistan that numbers to over 30,000. Read: Lahore taxis to display digital advertisements Former Finance Secretary Dr Waqar Masood Khan has joined SadaPay as Chairman of the Board. As per reports, both he and SadaPay Founder Brandon Timinsky lauded the SBP for its efforts to accelerate the country\u2019s financial system\u2019s digitisation. Meanwhile, individuals who have signed&hellip;<\/p>\n","protected":false},"author":68,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[27574],"persona":[],"class_list":{"0":"post-64805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-sbp-grants-emi-license-to-new-digital-wallet-service","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP grants EMI license to new &#039;digital wallet&#039; service - Zameen News<\/title>\n<meta name=\"description\" content=\"SBP has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP grants EMI license to new &#039;digital wallet&#039; service - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SBP has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-29T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Safina Sultan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBP grants EMI license to new 'digital wallet' service - Zameen News","description":"SBP has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html","og_locale":"en_US","og_type":"article","og_title":"SBP grants EMI license to new 'digital wallet' service - Zameen News","og_description":"SBP has granted an Approval in Principle (AIP) for an Electronic Money Institution (EMI) license to SadaPay, a new digital wallet service.","og_url":"https:\/\/www.zameen.com\/news\/sbp-grants-emi-license-new-digital-wallet-service.html","og_site_name":"Pakistan Real Estate News &amp; 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