Strategic Licensing for Payment System Operators
Javid Law Associates provides end-to-end consultancy for obtaining a Payment System Operator (PSO) license in Pakistan. As the fintech sector grows, navigating the regulatory framework of the State Bank of Pakistan (SBP) is critical for operational legitimacy. We bridge the gap between corporate formation and complex financial licensing.
Regulatory Framework and Compliance
Registration requires strict adherence to SBP guidelines regarding AML/CFT protocols, data security, and financial viability. Beyond the initial SECP company registration, PSO entities must undergo rigorous audits and vetting to meet the high standards of Pakistan's financial regulators.
| Phase | Key Objective |
|---|---|
| Documentation | Drafting business plans, AML policies, and IT security frameworks. |
| Submission | Formal application filing with the SBP Payment Systems Department. |
| Approval | Final licensing, operational audit, and compliance certification. |
Why Choose Javid Law Associates
Since 2004, our firm has served as a trusted partner in corporate legal services across Pakistan. We combine SECP company registration expertise with specialized financial law advisory. Whether you are setting up a private limited company for fintech or managing complex taxation, we ensure your business remains compliant with FBR and SBP mandates.
Expert Regulatory Oversight
Our team specializes in mitigating risks associated with PSO licensing. We provide comprehensive guidance on capital requirements, management fit and proper criteria, and ongoing statutory reporting to the State Bank of Pakistan. Our services are designed to streamline your path to market entry, allowing you to focus on innovation and service delivery.
Service heading
Expert regulatory support for SBP licensing, PSO compliance, and fintech operations in Pakistan's evolving digital landscape.
Estimated duration
90-120 days
Price
Rs. 500,000
Requirements
- Valid SECP company registration documents
- Detailed 5-year business and financial plan
- Proof of minimum paid-up capital as mandated by SBP
- Fit and Proper criteria documentation for directors
- Comprehensive IT and cybersecurity infrastructure audit
- National Tax Number (NTN) and FBR tax compliance certificates
Key features
- Comprehensive SBP application preparation
- Detailed AML/CFT and risk management policy drafting
- Corporate legal structure optimization (SECP compliance)
- Liaison with SBP Payment Systems Department
- Internal control and cybersecurity policy alignment
- Post-licensing operational compliance setup
About the Author
Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.