Securities and Exchange Commission of Pakistan (SECP) has entered into strategic partnerships with Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank to facilitate same-day corporate account opening for newly registered companies in Pakistan. This initiative is part of SECP’s “Paper to Platform” vision and the Board Resolution Initiative, which aim to digitize company registration processes, enhance transparency, and simplify the business onboarding experience for startups. By leveraging these partnerships, SECP intends to reduce bureaucratic hurdles and support a seamless, startup-friendly financial ecosystem across the country.
Under this collaboration, newly incorporated companies will be able to open corporate bank accounts on the same day of registration, eliminating delays and improving operational efficiency. SECP’s partnerships with leading digital and microfinance banks ensure that startups can access secure banking infrastructure, integrate financial management from the outset, and remain compliant with regulatory requirements. By connecting company registration with banking services in real time, the initiative is expected to promote a culture of transparency, accountability, and digital readiness for emerging enterprises.
The collaboration also reinforces SECP’s commitment to financial inclusion, making banking services accessible to startups, small and medium-sized enterprises, and technology-driven companies. Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank will provide digital banking solutions that allow companies to manage accounts, perform transactions, and access fintech services without the need for extensive paperwork or physical visits. This initiative aligns with the broader government agenda of digitizing financial services, fostering innovation, and supporting a robust entrepreneurial ecosystem in Pakistan.
Experts believe that linking corporate account opening directly with SECP registration will improve the ease of doing business in the country, encouraging entrepreneurs to formalize operations and grow their enterprises efficiently. By creating a digitally integrated platform, SECP and its partner banks aim to empower startups with faster financial access, better compliance tools, and operational readiness from day one. The move also sets a precedent for further collaborations between regulatory authorities and financial institutions to streamline services and reinforce Pakistan’s position as a regional hub for startup innovation.
This initiative is expected to create a ripple effect in the digital banking and startup sectors, enabling faster onboarding, reducing administrative bottlenecks, and supporting the growth of Pakistan’s entrepreneurial ecosystem. By combining regulatory guidance with innovative digital banking solutions, SECP and partner banks are building a sustainable framework that encourages startups to thrive while maintaining compliance and operational efficiency.
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