Karachi, November 19, 2024 – E-Processing Systems Pvt. Ltd. (EPS) has taken a transformative step by securing a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp, as an Electronic Money Institution (EMI). This achievement allows EPS to address financial exclusion and promote widespread adoption of digital payment services across Pakistan.
Millions of Pakistanis, especially in rural and underserved areas, remain excluded from formal financial systems. This reliance on inefficient and costly cash-based transactions limits economic participation and growth. With OneZapp, EPS aims to change the narrative by providing secure, accessible, and affordable digital financial tools that empower both individuals and businesses.
OneZapp: Revolutionizing Financial Access
OneZapp introduces wallet accounts tailored for individuals, agents, and merchants. Its features include mobile wallets, peer-to-peer payments, and direct bank transfers. By simplifying digital transactions, OneZapp reduces dependency on cash and creates opportunities for financial inclusion and economic growth.
“We are dedicated to transforming the financial landscape,” said Syed Muhammad Ammar Yasin, CEO of EPS. “With SBP’s approval, OneZapp will empower individuals and businesses to thrive in the digital economy.”
Extending Reach Through Agent Networks
To ensure financial services reach underserved areas, EPS is building a robust agent network. These agents will provide on-ground support, helping communities and small businesses transition smoothly to formal financial systems. This grassroots approach underscores EPS’s commitment to financial empowerment and inclusion.
Future-Focused Features
EPS plans to expand OneZapp’s services with features like payment cards, micro-insurance, merchant solutions, and financial literacy programs. By combining innovation with strategic partnerships, EPS ensures the platform evolves to meet user needs and drives Pakistan toward a digital future.
Shaping Pakistan’s Cashless Economy
As the country advances toward a cashless economy, OneZapp leads the way with scalable solutions and inclusive initiatives. EPS remains dedicated to building a financially empowered Pakistan, fostering economic growth at every level.
