KARACHI : As envisaged in the SBP Vision 2028, the SBP has announced the themes of first cohort under its
Regulatory Sandbox initiative. Under this cohort, SBP will consider applications focused on use-cases
covering the following three themes:
(i) Technology enabled solutions for inward remittances
(ii) Open Banking
(iii) Remote Onboarding of Merchants.
The Regulatory Sandbox is aimed at fostering innovations in the financial sector while ensuring
consumer protection and financial stability. It will enable the applicants to test their products and their
associated operational models and help SBP in refining and upgrading the regulatory environment in
line with the emerging and innovative technologies.
SBP welcomes and encourages the individuals and firms having innovative ideas and products on the
above themes to apply to the SBP under RSB to test their products, models etc. and contribute in
Pakistan’s evolving Fintech landscape and digital financial ecosystem. Please feel free to approach the
SBP’s RSB Team via email (regulatory.sandbox@sbp.org.pk) for any queries and/or feedback on the
RSB.
Applications for participation in the first cohort will be accepted till October 05,
2025 through dedicated email sent to regulatory.sandbox@sbp.org.pk. To facilitate the interested
entities and provide them necessary guidance and step-by-step procedure, SBP has already issued
Regulatory Sandbox Guidelines available on SBP website (https://www.sbp.org.pk/DFS/rsb.html).
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