The State Bank of Pakistan (SBP) launched a fintech initiative Nov. 3, combining its Collaboration Framework for the Innovation Hub with the Mojaloop Country Accelerator Program for Pakistan to support financial inclusion.
The initiative also includes a partnership with the Mojaloop Foundation. Pakistani talent is a central audience: the accelerator seeks to make expertise from other countries more accessible, while growth of the fintech sector is another objective. The central bank also identifies responsible innovation as part of the initiative.
