SBP awards fintech EMI licence

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The State Financial institution of Pakistan (SBP) has granted a fintech business approval for EMI (Digital Cash Establishment) licence.

Finja had earlier turn out to be the primary fintech to obtain, in precept, approval for the licence on April 9, 2020 from the SBP.

With the approval of its EMI licence, Finja turns into the one fintech within the nation to carry a number of regulatory licences, permitting it to scale its consumer-facing model, the Finja App.

Revealed in The Categorical Tribune, September 18th, 2021.

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