PK · PKR

Pakistan digital banks

Pakistan’s digital layer is mostly EMI wallets with pretty cards. NayaPay (Private) Limited is an SBP Electronic Money Institution — its own footer says so. Sadapay Private Limited (SECP 0136598) is SBP-regulated, Mastercard-issuing, DIFC parent; still not a bank. JazzCash and Easypaisa sit on branchless-bank brands of actual banks. DPC follows member banks, not EMI float. If a directory called SadaPay a neobank deposit, it lied.

2Live on NeoBankDB

Regulator

State Bank of Pakistan (SBP)

Deposit scheme

Deposit Protection Corporation covers eligible deposits at member banks — confirm the live cap on dpc.org.pk. SBP electronic-money institutions are not DPC deposits.

In this market

Licence still sits on the product

	Product	Score	HQ	Monthly	FX	Users	Licence
	SadaPay	7.3	Islamabad, Pakistan	Free transfers pitch — schedule of charges is live	International card spend marketed as best rates — confirm live schedule	3 million users on the homepage pitch	EMI-class — Sadapay Private Limited, SECP 0136598. Parent SadaPay Technologies Ltd, DIFC licence #3263
	NayaPay	7.2	Karachi, Pakistan	Free to join / free to stay on the homepage pitch — schedule of charges is live	International card spend — confirm live schedule	Pakistan EMI	Electronic Money Institution — NayaPay (Private) Limited. Not a bank