Haball Secures In-Principle PSO/PSP Approval to Revolutionize B2B Payments

Fintech innovator Haball has achieved a major regulatory milestone by securing in-principal approval (IPA) from the State Bank of Pakistan (SBP) for a Payment System Operator/Payment Service Provider (PSO/PSP) license. This approval comes alongside its existing status as a Payment Initiation Service Provider (PISP), positioning Haball as a comprehensive digital player in Pakistan’s rapidly evolving fintech space.

Haball, with this new license, will be able to oversee the entire B2B payments cycle, ranging from invoice management to real-time settlements. The company is aiming to resolve long-standing inefficiencies within corporate payment systems by integrating these services with the SBP’s Raast infrastructure while also addressing liquidity challenges that businesses, particularly SMEs and distributors, have faced for years.

Omer Bin Ahsan, CEO of Haball, commented: “We commend the State Bank of Pakistan (SBP) for its visionary leadership in building a robust digital payments infrastructure aligned with global best practices…from day one, our mission has been to solve the inefficiencies, delays, and opacity in supply chain transactions. By combining regulated payment services, Raast connectivity, and deep integrations with corporate ERPs, we are building an ecosystem where every invoice is digital, every payment is instant, and every SME has access to affordable financing. This is not just fintech—it is the foundation for a stronger, more transparent economy.”