Pakistan Central Bank Launches Fintech Framework With Mojaloop Program

The State Bank of Pakistan launched a framework for its Innovation Hub on Nov. 3, naming a partnership with Mojaloop Foundation as an initiative to support the country’s fintech ecosystem and financial inclusion.

The central bank launched the Collaboration Framework and the Mojaloop Country Accelerator Program for Pakistan.

The initiative is intended to connect Pakistani talent with expertise from abroad and strengthen the country’s fintech sector. The State Bank has tied the effort to responsible innovation and financial inclusion.