PRESS RELEASE
SECP Approves Incorporation of Credsys (Private) Limited as an NBFC
Islamabad, Pakistan – 15th September 2025 – The Securities and Exchange Commission of Pakistan (SECP) has approved the incorporation of Credsys (Private) Limited as a NonBanking Finance Company (NBFC), aimed at promoting digital lending solutions for small and medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) in Pakistan.
Credsys will utilize merchant transaction data and alternative credit scoring models to extend affordable and transparent financing to underserved businesses. The platform will operate on bank grade infrastructure sponsored by Paysys Labs (Private) Limited, with the operational support of Tapsys Services (Private) Limited, ensuring compliance with SECP’s regulatory framework as well as the State Bank of Pakistan’s security and outsourcing requirements.
With strong sponsorship, including Paysys Labs’ established presence in the payments sector and Tapsys’ nationwide merchant network, Credsys is expected to expand access to credit for thousands of SMEs and MSMEs. This initiative is anticipated to contribute toward enhanced financial inclusion, job creation, and sustainable economic growth, in line with SECP’s commitment to encouraging innovation and transparency in Pakistan’s financial
sector
About Paysys Labs
Paysys Labs Pvt Ltd is a leading payment technology provider based out of Pakistan. The company offers a wide range of payment solutions, including digital payment systems, mobile wallets, and point-of-sale (POS) technologies. Paysys Labs is committed to providing its customers with innovative and secure payment solutions, focusing on enhancing transaction speed, reliability, and security.
By leveraging the latest advancements in payment technologies, the company ensures that businesses of all sizes can manage their financial transactions seamlessly and efficiently. With a strong focus on customer satisfaction, Paysys Labs partners with fintech, financial institutions, and businesses to deliver tailored solutions that meet their unique needs.
The company aims to drive digital transformation in the payments industry, making financial services more accessible, transparent, and user-friendly for customers across Pakistan and beyond.
For more information, visit https://www.paysyslabs.com/
About SECP
The Securities and Exchange Commission of Pakistan (SECP) was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997 and became operational on January 1, 1999. It has investigative and enforcement powers.
- Regulation of corporate sector and capital market.
- Supervision and regulation of insurance companies.
- Supervision and regulation non-banking finance companies and private pensions schemes
- Oversight of various external service providers to the corporate and financial sectors, including chartered accountants, credit rating agencies, corporate secretaries, brokers, surveyors etc.
For more information, visit https://www.secp.gov.pk/