---
title: "SBP Concludes First Regulatory Sandbox Cohort, Four Fintechs Pass Testing"
description: "Most outlets reported that the State Bank of Pakistan (SBP) concluded its first Regulatory Sandbox cohort, launched in August 2025, with four fintechs successfully completing the testing phase. Business Recorder highlighted the SBP Vision 2028 context and noted the three themes of the first cohort, while Pakistan Observer emphasized the focus areas of remittances and open banking. Both outlets framed the outcome as a step toward promoting innovation in financial services."
url: https://harzaviya.com/stories/8634-sbp-sandbox-tests-innovative-solutions-in-remittances-open
site: HarZaviya
language: en
---

# SBP Concludes First Regulatory Sandbox Cohort, Four Fintechs Pass Testing

business · updated 16 Sep 2026, 6:17 AM PKT · 15–16 Sep 2026 · 3 articles from 2 outlets

**HarZaviya summary** — how 2 outlets covered this, generated automatically from their headlines and excerpts:

> Most outlets reported that the State Bank of Pakistan (SBP) concluded its first Regulatory Sandbox cohort, launched in August 2025, with four fintechs successfully completing the testing phase. Business Recorder highlighted the SBP Vision 2028 context and noted the three themes of the first cohort, while Pakistan Observer emphasized the focus areas of remittances and open banking. Both outlets framed the outcome as a step toward promoting innovation in financial services.

## Same story from 2 outlets

Each outlet's own headline, most recent first — read any at its source.

- **Business Recorder** — [SBP concludes first cohort of its regulatory sandbox](https://www.brecorder.com/news/40439682/sbp-concludes-first-cohort-of-its-regulatory-sandbox) · 16 Sep 2026, 6:17 AM PKT
  > KARACHI: In line with Vision 2028, the State Bank of Pakistan (SBP) launched the first cohort of its regulatory sandbox in August 2025, to foster innovation in digital financial services by testing innovative solutions in a controlled environment under the regulatory oversight of SBP. The first cohort focused on three themes: technology-enabled solutions for inward remittances, open banking, an...
- **Pakistan Observer** — [SBP Sandbox Tests Innovative Solutions in Remittances, Open Banking](https://pakobserver.net/sbp-sandbox-tests-innovative-solutions-in-remittances-open-banking/) · 15 Sep 2026, 4:49 PM PKT · 87% identical wording to the newest filing
  > The State Bank of Pakistan (SBP) has completed the first cohort of its Regulatory Sandbox, aimed at promoting innovation in…

## Part of a bigger story

Other stories whose coverage resembles this one, nearest first. "% related" compares whole stories, not single articles — see [what the percentages mean](https://harzaviya.com/methodology).

- [SBP launches second cohort of Regulatory Sandbox](https://harzaviya.com/stories/12010-sbp-launches-second-cohort-of-regulatory-sandbox) · 3 Oct 2026 · 3 outlets · 91% related

3 articles from 2 outlets, 15–16 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

---

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