HugoHub, a Singapore-based financial infrastructure company, said Pakistan’s HugoBank, a digital retail bank, opened its first pilot customer account on its platform on September 25, 2026.

The move was HugoHub’s first deployment for a regulated bank.

The pilot is operating under a restricted license from the State Bank of Pakistan, which lets HugoBank run limited-scope services while testing its products and operating processes before a wider commercial launch.

HugoBank was one of five applicants selected for Pakistan’s first digital-bank cohort.

HugoHub said the deployment links HugoBank to Pakistan’s digital identity and payment systems.

HugoBank plans to seek approval for commercial operations in early 2027.

The pilot comes as Pakistan pushes to widen access to formal financial services.

World Bank data cited in the announcement showed that slightly more than a quarter of adults in Pakistan had a bank or mobile-money account in 2024.

Pakistan introduced its digital-bank framework in 2022.

🔗 Source: HugoHub