The State Bank of Pakistan has launched a new Teenagers Account framework that enables teenagers to independently own and operate bank accounts and digital wallets, providing earlier access to the formal financial system. The framework targets a gap where teenagers have largely been limited to joint or parent-controlled accounts, despite overall account ownership reaching 67% of Pakistan’s adult population. SBP highlighted an estimated 26 million Pakistanis aged 13 to 18 as the intended beneficiary group, and set out features including independent account operation, secure access within a regulated environment, and support for participation in an increasingly digital financial ecosystem. The initiative sits within SBP’s Strategic Plan 2023–28 and the National Financial Inclusion Strategy 2024–28.
State Bank of Pakistan 2026-04-01
State Bank of Pakistan launches framework allowing teenagers to independently operate bank accounts and digital wallets
The State Bank of Pakistan has launched a Teenagers Account framework allowing individuals aged 13 to 18 to independently own and operate bank accounts and digital wallets in a regulated environment. Targeting an estimated 26 million teenagers previously limited to joint or parent-controlled accounts, the initiative aims to expand early access to the formal and digital financial system and forms part of the State Bank’s Strategic Plan 2023–28 and the National Financial Inclusion Strategy 2024–28.