The Securities and Exchange Commission of Pakistan (SECP) has signed memoranda of understanding with Mobilink Microfinance Bank Limited, Easypaisa Bank Limited, and Raqami Islamic Digital Bank Limited to simplify and accelerate corporate bank account opening for startups and newly incorporated companies. The arrangement will enable same-day corporate account opening through a secure, API-based integration between the SECP’s eZfile system and the partner banks’ platforms, aimed at removing procedural delays and reducing administrative hurdles. The collaboration builds on the SECP’s recent introduction of a Standard Format for Board Resolutions for opening corporate bank accounts, intended to promote uniformity, transparency, and smoother banking integration for registered companies across Pakistan.
Securites & Exchange Commission of Pakistan 2025-11-05
Securities and Exchange Commission of Pakistan signs MoUs with digital banks to enable same-day corporate account opening via eZfile integration
The Securities and Exchange Commission of Pakistan (SECP) has signed memoranda of understanding with Mobilink Microfinance Bank Limited, Easypaisa Bank Limited, and Raqami Islamic Digital Bank Limited to expedite same-day corporate bank account opening for startups and newly incorporated companies. This initiative uses secure, API-based integration between the SECP’s eZfile system and the banks' platforms. The collaboration follows the SECP's introduction of a Standard Format for Board Resolutions to enhance uniformity and transparency in banking integration.