Islamabad: Technology-driven investment and digital banking are gaining momentum in Pakistan due to the support of Special Investment Facilitation Council (SIFC). According to Radio Pakistan, HugoBank has received approval from State Bank of Pakistan to commence controlled pilot operations.
HugoBank is a digital retail bank established through a partnership between investors from Pakistan and Singapore, offering modern financial services. Following regulatory approval, HugoBank will test its products, systems, and operations during the pilot phase.
During the pilot phase, the bank will ensure high standards of security, system performance, and customer experience. This initiative reflects a growing trend towards digital financial solutions in Pakistan, aiming to enhance accessibility and efficiency in the banking sector.
