Following the successful acquisition of a restricted license from the State Bank of Pakistan (SBP), Mashreq has officially commenced its pilot operations, marking a key milestone in its expansion into Pakistan’s digital banking landscape. At a ceremony held at the State Bank of Pakistan, Mashreq Pakistan’s leadership team, led by Chief Executive Officer, Muhammad Hamayun Sajjad, met with SBP Governor Jameel Ahmad and senior officials to discuss the future of digital banking in Pakistan.
The meeting underscores Mashreq’s commitment to fostering financial inclusion, driving digital innovation, and delivering best-in-class digital banking solutions tailored to Pakistan’s evolving economic landscape.
The engagement with SBP officials reflects Mashreq’s proactive approach in aligning with regulatory priorities to enhance the financial ecosystem in Pakistan. Discussions focused on the role of digital banking in expanding financial accessibility, leveraging technology to enhance customer experience, and ensuring compliance with evolving regulatory frameworks.
Muhammad Hamayun Sajjad shared, “Our meeting with the Governor and senior SBP officials marks a significant milestone in Mashreq’s journey to bring secure, innovative, and inclusive digital banking solutions to Pakistan. With a strong foundation in digital banking and extensive international expertise, Mashreq is dedicated to contributing to Pakistan’s economic growth by delivering customer-centric banking solutions designed for the future.”
Mashreq’s commitment to Pakistan extends beyond expansion, it is a long-term investment in the country’s financial future. With a strong foundation in digital banking and a presence in 14 countries, Mashreq is poised to redefine financial services in Pakistan by delivering secure, customer-centric, and Shariah-compliant solutions.
“We are here to support Pakistan’s growth by empowering its people through banking innovation, superior customer experience, and financial accessibility for all. Mashreq is dedicated to being a ‘Bank for All’, empowering women, youth, and SMEs while fostering financial inclusion across all segments of society.” said Hamayun.
As Mashreq embarks on this journey, it is committed to driving innovation, inclusivity, and excellence, setting new benchmarks in the industry. Leveraging its global expertise, Mashreq aims to deliver a banking experience that combines sophistication, reliability, and customer-centricity, all while contributing to Pakistan’s economic transformation.