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HugoBank commences internal pilot project

Pakistan Published 3 November 2026, 05:12 · archived 3 Nov 2026

KARACHI: HugoBank has taken a key step towards launching its commercial operations by beginning the onboarding of approved internal pilot participants onto its digital banking platform. The move follows the State Bank of Pakistan’s (SBP) approval for the bank to commence limited-scale pilot activities as a Digital Retail Bank under a restricted license, marking progress towards its planned entry into Pakistan’s digital banking sector. The bank opened its first pilot customer account on September 25, 2026, marking the start of customer onboarding within its approved scope of activities. During ...

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