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SadaPay earns pilot launch approval from the State Bank of Pakistan
Islamabad: We’re thrilled to announce a huge milestone! The State Bank of Pakistan has officially granted SadaPay approval to begin pilot operations. ✈️
Up until now, we’ve been testing our app and debit card internally with friends and family under the “in-principle” approval awarded earlier this year. We know how eager everyone is to get their hands on the SadaPay card, and though it took a bit longer than expected, we’re finally ready to roll out.
Under the pilot phase, we can onboard a maximum of 1,000 accounts. The first users to receive SadaPay cards will be members of our Founders Club, in order of their waitlist position. These lucky users will receive the limited-edition Black debit card ✨.
The pre-launch demand has exceeded all our expectations, with nearly 150,000 people on the waitlist. We can’t wait for everyone to experience what we’ve built over the past year!
Brandon Timinsky
Founder & CEO of SadaPay
With the beta version of the SadaPay app, users will be able to:
- Send and receive local transfers
- Receive remittance payments from overseas
- Get virtual and physical debit cards
- Manage card controls directly in the app
- Request delivery of a physical debit card
This is just the beginning—we’ll be adding more features soon through regular app updates.
During the pilot phase, we’ll be in close contact with beta testers to gather feedback and provide direction for our product development team. It’s crucial that we learn from our first users and use their suggestions to further enhance the SadaPay experience.
Dr. Waqar Masood Khan
Chairman of the Board, SadaPay
The pilot phase will operate under the supervision of the State Bank of Pakistan for a minimum of 60 days. Once we meet all requirements and undergo a final inspection, we’ll be granted the full commercial license to roll out to the public. Our team is working hard to reach that point as quickly as possible.
As we close out the year, we’re incredibly proud of everything the team has accomplished—from securing in-principle approval, to forming a partnership with Mastercard, growing from a team of 5 to over 50, and making the first live transaction from the app. We look forward to sharing our work with everyone at scale and hope SadaPay truly simplifies your money matters.