SBP focuses on trusted digital financial services

Deputy Governor Muhammad Ali Khan of the State Bank of Pakistan told the fourth Pakistan Fintech Forum, known as PFF IV, that the central bank is working to build a digital financial system people can trust and hold to account. Speaking as chief guest at the event, which the Pakistan Fintech Network hosted on Wednesday, he said the goal extends beyond wider access to ensuring digital services produce real economic activity. Business Recorder reported the remarks.

Pakistan Fintech Network chairman Syed Nadeem Hussain said the sector has moved past simple adoption, and the next task is an ecosystem able to grow responsibly while strengthening trust and widening inclusion. He called for clearer rules, resilient infrastructure and closer cooperation between banks and fintech firms, particularly to extend credit to customers at scale.

Sessions ranged across digital banking, lending access, durable payment models, inclusion efforts, oversight, digital infrastructure and new technologies. Participants included Imtiaz Haider, a commissioner of the Securities and Exchange Commission of Pakistan, along with the heads of the Pakistan Digital Authority, Pakistan Virtual Assets Regulatory Authority and Raast Payments Pakistan.