SBP Launches Digital Payments Training for Banks and Fintechs

Notably, the State Bank of Pakistan (SBP) has introduced a new initiative to strengthen the country's financial technology sector, partnering with the Mojaloop Foundation to support local institutions develop digital payment solutions and build technical expertise.

Key points

• Deputy Governor Saleem Ullah remarked the partnership would connect Pakistani talent with international expertise and assist turn innovative ideas into practical payment solutions.
• The Mojaloop Foundation, a nonprofit organization responsible for maintaining open source Mojaloop payment software, will backing the initiative through program design and technical training.
• The framework intends to connect financial institutions, technology providers, fintech businesses, and other ecosystem participants through partnerships focused on knowledge sharing, capacity building, and innovation.
• The program is designed for local system implementers, digital financial service providers, and payment hub operators.
• According to SBP, the collaboration is intended to strengthen local technical capabilities, encourage responsible innovation, and expand access to digital financial services.

In practice, the initiative, called the Mojaloop Country Accelerator Program for Pakistan, is the first project introduced under SBP's Innovation Hub Collaboration Framework, established as part of SBP Vision 2028. The framework intends to connect financial institutions, technology providers, fintech businesses, and other ecosystem participants through partnerships focused on knowledge sharing, capacity building, and innovation.

Notably, the program was inaugurated at SBP's Karachi office in a ceremony attended by central bank leadership, Mojaloop Foundation representatives, financial institutions, banks, technology firms, fintechs, and academic representatives. Deputy Governor Saleem Ullah remarked the partnership would connect Pakistani talent with international expertise and assist turn innovative ideas into practical payment solutions. SBP Governor Makes Significant Announcement Concerning Climate Financing. 16 Week Program to Develop Digital Payment Expertise.

Meanwhile, the Mojaloop Foundation, a nonprofit organization responsible for maintaining open source Mojaloop payment software, will backing the initiative through program design and technical training. The 16 week accelerator will run from November 2026 to February 2027, combining independent learning with sessions led by industry experts.

For context, the program is designed for local system implementers, digital financial service providers, and payment hub operators. Participants will develop expertise in digital payment infrastructure and gain access to the Mojaloop technical community, allowing them to continue learning and apply international best practices.

According to SBP, the collaboration is intended to strengthen local technical capabilities, encourage responsible innovation, and expand access to digital financial services. The central bank remarked the initiative supports its efforts to develop Pakistan's digital payments ecosystem and promote financial inclusion as part of its Vision 2028 strategy. Stay Connected with ProPakistani.

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Taken together, the developments around SBP Launches Digital Payments Training for Banks and Fintechs point to a situation that is still moving, and the coming days should bring more clarity.