#FOMCMeeting To set up a BaaS (Banking as a Service) in Pakistan, you'll need to follow these general steps [10]:

- *Obtain necessary licenses*: Get a banking license or a fintech license from the State Bank of Pakistan (SBP).

- *Meet regulatory requirements*: Comply with SBP's regulations, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

- *Partner with banks*: Collaborate with existing banks in Pakistan to offer banking services through your platform.

- *Develop a robust platform*: Build a secure and scalable platform that integrates with banking systems and offers services like account management, payments, and transactions.

- *Ensure data security*: Implement robust security measures to protect user data and transactions.

- *Get certified*: Obtain certifications like PCI-DSS or ISO 27001 to demonstrate your platform's security and compliance.

Some popular BaaS providers in Pakistan include [10]:

- *Fintech startups*: Companies like SimSim, PayPak, and UBX Pakistan offer BaaS solutions.

- *Banks*: Some banks in Pakistan, like Meezan Bank and Bank Alfalah, offer BaaS solutions to fintech companies.

Keep in mind that setting up a BaaS in Pakistan requires significant investment, technical expertise, and regulatory compliance. It's essential to consult with experts and conduct thorough research before starting your BaaS venture.