Pakistan intends to launch its own digital currency with features “comparable to Bitcoin”, Shoukat Bizinjo, deputy director of digital financial services at the State Bank of Pakistan (SBP), revealed.
The State Bank of Pakistan (SBP) is currently in discussions with local business leaders to introduce a digital currency in the country.
According to the official, EMI has successfully launched e-money wallets for customers and businesses, along with other digital payment options such as prepaid cards and contactless payments.
In addition, the SBP official also noted that there are currently 12 EMIs in various stages of obtaining licenses from the central bank.