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

Yamaha Pakistan Motorcycle 2025

Yamaha Motor Pakistan Shut Down Motorcycle Manufacturing

Nepal PM Resignation 2025

Nepal PM KP Sharma Oli Resigns Amid Deadly Protests Over Corruption

Asia Cup 2025

Asia Cup 2025 Trophy Unveiled: Pakistan and India Set for Epic Clash

Post Archives

More Popular from Photonews

Cardi B Lawsuit
Entertainment

Cardi B Wins $24M Lawsuit Against Former Security Guard

2 Min Read
Haji Gulbar Khan Chief Minister Gilgit-Baltistan
Gilgit - Baltistan

PTI Terminates 11 Gilgit-Baltistan Lawmakers, Including CM Gulbar Khan

2 Min Read
US Open 2025 Final
Sports

Sabalenka and Anisimova Set for US Open 2025 Final Showdown

3 Min Read
Entertainment

Orlando Bloom Opens Up About The Katy Perry Breakup

Orlando Bloom appeared on NBC’s Today show to promote his new film, The Cut, and also spoke openly about…

September 6, 2025
Sports

Carlos Alcaraz Wins US Open 2025, Reclaims World No. 1 Spot

Carlos Alcaraz won the US Open title by beating Jannik Sinner 6-2, 3-6, 6-1, 6-4 in…

September 8, 2025
Entertainment

Drake Bets $300,000 on Jannik Sinner at 2025 US Open

The 2025 US Open, held in New York, is reaching its exciting final stages as of…

September 3, 2025
Sports

Turkish Clubs Eye David Alaba, but Real Madrid Star Stays Put

On September 3, 2025, reports emerged that Turkish football clubs Fenerbahçe and Besiktas are interested in…

September 3, 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?