Digital Financial Services (DFS)

The Digital Financial Services are broadly governed by the following:

	SBP Act 1956
	Electronic Transactions Ordinance, 2002
	PS&EFT Act 2007

The Payment Systems Policy & Oversight Department (PSP&OD), under the authority granted by the Payment Systems & Electronic Funds Transfer Act (2007), issues various rules, regulations, and guidelines, including the following:

Rules for Payment System Operator/ Payment Services Provider (PSO&PSP) – 2014

Regulations for Electronic Money Institutions (EMIs) – 2023

Circular & Circular Letters

Regulations fall under the following:

	Access to DFS
	Data and Cyber Security
	Infrastructure
	Adaption of Technology
	Draft Guidelines for Regulatory Sandbox - Public Consultation