Islamabad, Pakistan, Barq Pakistan has announced that it has received In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI) Wallet, paving the way for its entry into one of South Asia’s most dynamic digital financial markets.
This approval marks a major milestone in Barq’s regional expansion strategy, underscoring its commitment to building a secure, inclusive, and innovative digital financial ecosystem. With this development, Barq aims to empower individuals and businesses across Pakistan with technology-driven payment solutions that contribute to the country’s cashless economy vision.
“This milestone isn’t just a regulatory green light, it’s the validation of a vision to empower people through technology,” said a representative of Barq PK. “At Barq, we’re driven by purpose. SBP’s confidence in our mission inspires us to move forward with integrity, discipline, and innovation.”
Barq Pakistan plans to introduce a full suite of digital financial services after completing the necessary regulatory processes, including e-wallets, mobile payments, and everyday transaction tools, fully compliant with SBP’s security and operational frameworks as well as global standards.
The company is currently working closely with regulatory authorities to fulfill technical and compliance requirements before proceeding to the commercial launch phase. Barq’s entry into Pakistan comes amid a surge in digital payment adoption, as consumers and businesses increasingly shift toward fintech-driven solutions for convenience, transparency, and financial inclusion.
With SBP’s approval, Barq joins a growing list of fintech players contributing to Pakistan’s transformation into a modern, digital-first financial ecosystem. “To every dreamer who believes in Pakistan’s fintech potential, this milestone is yours too,” the Barq team added, reaffirming its mission to build trust in digital money, one transaction at a time.
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