Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: State Bank of Pakistan Issues Digital Banking License to Easy Paisa Bank
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Easy Paisa Bank
PhotoNews Pakistan > Business > State Bank of Pakistan Issues Digital Banking License to Easy Paisa Bank
Business

State Bank of Pakistan Issues Digital Banking License to Easy Paisa Bank

Web Desk
By Web Desk Published January 28, 2025 2 Min Read
Share
An image showcasing the Easy Paisa logo alongside a view of its mobile application interface. Photo Credits: Easy Paisa
SHARE

The governor of the State Bank of Pakistan (SBP), Jameel Ahmad, announced Tuesday that Easy Paisa Bank Ltd. has been granted a digital banking license.

The SBP move is a component of the central bank’s continuous initiatives to enhance the regulatory frameworks for digital and branchless banking.

The governor highlighted the importance of digital banking, pointing out that nearly half of the population in Pakistan’s remote areas lacks bank accounts. “Digital banking is crucial, considering these statistics,” he explained, emphasizing that digital banks could significantly empower small and medium enterprises (SMEs).

In related news, the SBP has reduced the policy rate by 100 basis points in its first monetary policy announcement of 2025, bringing it down to 12 per cent effective from December 17, 2024. This decision was made during Governor Ahmad’s Monetary Policy Committee (MPC) meeting.

Read: SBP Cuts Interest Rate by 1% in New 2025 Monetary Policy

Governor Ahmad also noted a gradual decrease in inflation, which dropped to 4.1 percent in December 2024. He anticipates that the inflation rate will stabilize at 5 to 7 percent in fiscal year 2024-25.

The issuance of a digital banking license to Easy Paisa Bank Ltd and the recent rate cut reflect the SBP’s commitment to fostering financial inclusion and adapting to the evolving banking needs of Pakistan’s population.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

AI Chatbots. AI Phishing Scam

AI Chatbots Like Grok Craft Phishing Scams Targeting Seniors, Reuters Finds

lazawaal ishq Pakistan's New Reality Dating Show

Lazawal Ishq’ Pakistan’s Steamy Love Island Style Show from Istanbul

Punjab Intermediate Part-II results

Punjab Intermediate Part-II Results 2025: Date, How to Check Online & SMS

Post Archives

More Popular from Photonews

Ellen DeGeneres and Portia de Rossi UK
Entertainment

Ellen DeGeneres Faces Lawsuit Over 2023 Car Accident in California

2 Min Read
Djed Spence Play for England
Sports

Djed Spence Makes History as First Muslim to Play for England

3 Min Read
Yamaha Pakistan Motorcycle 2025
Pakistan

Yamaha Motor Pakistan Shut Down Motorcycle Manufacturing

2 Min Read
Sports

Serena Williams’ $111M Venture Fund Thrives in 2025’s New Reality

Serena Williams continues to dominate off the tennis court with her $111 million Serena Ventures fund.…

September 11, 2025
Pakistan

Govt Holds Petrol Price, Raises Diesel to Rs272.77

On Monday, September 15, 2025, Pakistan’s Finance Division announced new fuel prices effective from September 16.…

September 16, 2025
Entertainment

Lily Collins’ Thin Appearance at NYFW Sparks Fan Concern

Lily Collins appeared at the Calvin Klein show during New York Fashion Week. The Emily in…

September 14, 2025
Sindh

Malir River Flooding Shuts Korangi Crossing, Sparks Karachi Traffic Chaos

Flooding in the Malir River has caused the closure of Korangi Crossing and EBM Causeway. This…

September 11, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?