Mashreq Bank successfully acquires digital banking licence

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Mashreq, one of the leading financial institutions in the Middle East and North Africa (MENA), announced the acquisition of a Digital Banking license, under the Digital Regulatory Framework issued by the State Bank of Pakistan (SBP).

Mashreq’s intention is to bring their digital expertise to Pakistan and further the interests of the SBP in the digital arena. With the commencement of digital banking operations, Mashreq will usher in a team of bankers and engineers with multicultural experience as well as its proven Neo banking capabilities and world class technology to address the evolving customers’ needs in Pakistan.

With over five decades of expertise, Mashreq is one of MENA’s best performing banks with an expanding presence in Europe, Asia, and the US. Mashreq has always considered Pakistan to be an attractive financial destination owing to the unprecedented growth and turnaround of the country’s banking sector in recent years.