Strategic Advisory for PSP Licensing
Javid Law Associates provides specialized consultancy for entities seeking to obtain a Payment Service Provider (PSP) or Payment System Operator (PSO) license in Pakistan. Given the stringent regulatory framework governed by the State Bank of Pakistan (SBP), securing such a license requires meticulous preparation, robust internal controls, and deep compliance with AML/CFT regulations. Our firm bridges the gap between your fintech vision and SBP's operational standards.
Regulatory Framework and Compliance
The licensing process is highly technical, involving vetting of sponsors, evaluation of business models, and rigorous security audits. We guide clients through the SECP company registration phase, ensuring the corporate structure aligns with financial regulations, and facilitate subsequent FBR and PRA registrations to ensure complete tax transparency.
| Phase | Key Objective |
|---|---|
| Pre-Licensing | Corporate structure & business plan audit |
| Application | Submission of SBP-mandated documentation |
| Security Audit | IT & Cyber-security infrastructure verification |
| In-Principle | Securing In-Principle Approval from SBP |
Why Choose Javid Law Associates?
With operations since 2004, our firm brings unmatched experience in handling corporate matters. From SECP company registration to specialized NTN registration Pakistan, we ensure that your entity is fully prepared for the scrutiny involved in financial services licensing.
- In-depth knowledge of SBP Payment System Regulations.
- End-to-end support from incorporation to operational audit.
- Expertise in corporate governance and internal control frameworks.
- Comprehensive documentation for high-stakes regulatory reviews.
Service heading
Expert regulatory navigation for SBP-compliant Payment Service Provider and Payment System Operator licensing in Pakistan.
Estimated duration
180-270 days
Requirements
- Certified SECP incorporation documents
- Detailed 5-year business plan and financial projections
- Proof of minimum paid-up capital requirements
- Detailed IT and cybersecurity policy documentation
- Fit and proper status of directors and shareholders
Key features
- Comprehensive SBP licensing roadmap
- Corporate restructuring for financial compliance
- AML/CFT policy and procedural development
- Liaison with regulatory authorities
- IT infrastructure compliance advisory
- Preparation for security and operational audits
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.