The Securities and Exchange Commission of Pakistan (SECP) has entered into strategic partnerships with Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank through the signing of Memorandums of Understanding (MoUs) aimed at enabling same-day corporate account opening for newly registered companies.
This initiative marks a significant stride toward strengthening Pakistan’s startup and entrepreneurial ecosystem by addressing one of the most common hurdles faced by new businesses—delays in opening business bank accounts. With this collaboration, newly incorporated companies will be able to activate their corporate accounts on the same day they complete their registration with SECP, effectively streamlining the process of starting formal operations.
The move is part of SECP’s ongoing “Paper to Platform” vision, which focuses on digitizing regulatory processes and fostering greater transparency and efficiency across Pakistan’s corporate landscape. It also aligns closely with SECP’s Board Resolution Initiative, which seeks to create a business-friendly regulatory environment and promote seamless integration between government bodies, regulators, and financial institutions.
By working in close coordination with leading digital banks, SECP is reinforcing its commitment to building a tech-driven ecosystem that supports ease of doing business and financial inclusion. Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank, each recognized for their leadership in digital financial services, will provide secure and convenient channels for companies to open and manage their corporate accounts remotely.
This collaboration is expected to significantly benefit startups and small businesses, particularly those in the technology and services sectors, by eliminating traditional paperwork and reducing operational barriers. The initiative also supports broader national goals of fostering innovation and accelerating digital transformation across industries.
Industry observers see this development as an essential step toward integrating Pakistan’s financial and regulatory systems through technology. It exemplifies how digital-first policies and collaborative governance can make business formation faster and more inclusive. By bridging the gap between company registration and financial accessibility, SECP and its partner banks are enabling entrepreneurs to focus more on growth, innovation, and market competitiveness rather than administrative hurdles.
As Pakistan’s startup scene continues to evolve, initiatives like this reflect a growing alignment between regulators and the digital finance sector. With SECP leading the digital shift in corporate governance, and banks advancing inclusive fintech services, the collaboration represents a move toward a more connected, transparent, and efficient business ecosystem in Pakistan.
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