12.To adopt innovative technologies and promote the digitization of economy, SBP has always encouraged the role of banks and non-banks in the financial sector of Pakistan. We believe that non-banks like Fintechs and Bigtechs can play a big role in transforming the economic landscape of Pakistan.
China is a great example for us where entities like Alibaba, Tencent and JD.com have innovatively used technology to provide efficient services to the masses. SBP  Page 8 of 10  is also facilitating the entrance of non-banks particularly in payments and banking and in the past have issued enabling regulations on Branchless Banking and Payment System Operators and Service Providers.