SBP Open Banking Framework Puts Consent-Based Sharing Ahead
The State Bank of Pakistan has released draft rules for public comment that would let authorised fintechs access customer banking data with consent, aiming to boost digital payments and SME financing.
The State Bank of Pakistan has issued draft Open Banking Regulations for public consultation.
Authorised fintechs and third-party providers could access customer banking data through secure, consent-based sharing.
The draft also lets authorised third-party providers initiate business payments with customer consent.
SBP says the rules aim to support B2B and C2B digitisation, better credit assessments, and SME financing.
Feedback is invited until 30 November 2026 via the Payment Systems Policy & Oversight Department.