Slightly more than a quarter of adults in Pakistan had a bank or mobile-money account in 2024, according to World Bank data. Tech in Asia reported that HugoHub, the Singapore financial infrastructure company, now runs the platform behind HugoBank, one of five applicants selected for Pakistan's first digital-bank cohort. The pilot, HugoHub's first deployment for a regulated bank, links HugoBank to Pakistan's digital identity and payment systems ahead of a planned bid for commercial approval in early 2027.
Singapore's HugoHub powers Pakistan digital bank pilot
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