Innovation Hub: SBP opens ‘Mojaloop Accelerator Programme’
KARACHI: The State Bank of Pakistan (SBP) on Tuesday launched the collaboration framework of its Innovation Hub. Established under SBP Vision 2028, the Innovation Hub provides a platform for structured engagement with the financial technology ecosystem. The Framework supports capacity building, knowledge exchange and ecosystem development through non-exclusive, technology-neutral and…
The State Bank of Pakistan (SBP) inaugurated its Innovation Hub on Tuesday, launching the Mojaloop Country Accelerator Programme for Pakistan in collaboration with the Mojaloop Foundation. This initiative aims to strengthen Pakistan's financial technology ecosystem by connecting local talent with global expertise. The framework, under SBP Vision 2028, facilitates structured engagement with the fintech ecosystem through non-exclusive, technology-neutral, and provider-neutral partnerships.
SBP Deputy Governor Saleem Ullah highlighted that the accelerator will enable Pakistani institutions to turn innovative ideas into practical payment solutions, boost local technical capabilities, and expand access to digital financial services. The 16-week programme, which runs from November 2026 to February 2027, combines self-paced learning with expert-led sessions, targeting system implementers, digital financial service providers, and payment-hub operators.
Participants will develop expertise in digital payment infrastructure and join the Mojaloop technical community to continue learning and apply global best practices to Pakistan's evolving payments landscape. This initiative underscores SBP's commitment to responsible innovation, a more robust digital payments ecosystem, and greater financial inclusion to support inclusive economic growth.
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