Millions of Pakistanis could lose access to their digital bank accounts and mobile wallets from October 25, 2025. The State Bank of Pakistan (SBP) has made biometric verification compulsory for all customers under its new rules. These changes are part of a national effort to make the banking system safer and more transparent across all digital and physical banking platforms.
SBP Introduces Stricter Verification Measures
The SBP issued the new framework in July 2025 through BPRD Circular No. 1. It states that biometric verification will now be the main method for customer identification. The rule applies to all banks, digital banks, microfinance institutions, and electronic money providers. The central bank aims to prevent fraud and ensure that only verified users access Pakistan’s financial network.
Immediate Blocking for Non-Verified Users
Earlier, account holders were given 60 days to complete their biometric verification. Under the latest policy, users who fail to verify their identity by October 25 will face immediate service suspension. They will be unable to send or receive money until verification is done. This strict approach seeks to reduce risks linked to unverified and potentially illegal transactions.
Impact on Local and Overseas Accounts
Experts warn that tens of millions of accounts could be impacted, including Roshan Digital and foreign currency accounts. Many overseas Pakistanis rely on these services for remittances and savings. The SBP’s move could create temporary hurdles for them. However, it also promises to make financial systems more secure and compliant with international banking standards.
Unified Framework for All Banking Channels
The new ‘Consolidated Customer Onboarding Framework’ now covers all types of account openings, both in-branch and remote. It requires every financial institution to use a uniform due diligence process for both local and foreign customers. This unified system eliminates confusion and ensures that every user is verified, no matter how or where their account was created.
Deadline and Compliance Requirements
Financial institutions were given three months to adjust their systems to these new rules. The SBP has not granted any deadline extensions, making October 25, 2025, the final date for biometric verification. This initiative aligns with global anti-money laundering and counter-terrorism standards, marking a significant step in improving Pakistan’s digital banking safety.