Governor State Bank of Pakistan (SBP), Dr. Reza Baqir launched the National Payment Systems Strategy (NPSS) on November 01, 2019 in a ceremony held at the SBP Head Office, Karachi.
President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event. He congratulated SBP for launching the National Payment Systems Strategy in Pakistan. Key stakeholders including regulators, government entities, banks, telcos, Electronic Money Institutions (EMIs), Payment System Operators (PSOs), Payment Service Providers (PSPs) and other Fintechs attended the event.
SBP, through World Bank’s Financial Inclusion Support Framework (FISF) program, has prepared this strategy for the Pakistan’s NPS that will support both the National Financial Inclusions Strategy (NFIS) and the financial stability of the country.
The objectives of this strategy are to make recommendations to design a NPS complying with international standards and best practices, and tailor it for the specific circumstances and needs for a safe, efficient and inclusive NPS in the country. The dual objective of enhancing financial stability to contribute to economic growth and of supporting financial inclusion are the overarching goals of this strategy.
For complete NPS Strategy click here (http://www.sbp.org.pk/PS/PDF/NPSS.pdf)