Pathfinder Group
“Can a locally-licensed payments operator become the rails for financial inclusion and government disbursements across Pakistan?”
HQKarachi, Pakistan
IndustryFintech / Payments
The story
Pathfinder Group's Financial Services & Technology Division operates Virtual Remittance Gateway (VRG), positioned since 2013 as Pakistan's first licensed Payment System Operator/Payment Service Provider. The business focuses on telco–bank interoperability under the Asaan Mobile Account (AMA) scheme and on G2P (Government-to-Person) social fund disbursement programs.
Last 12 months
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Product timeline
2013
Virtual Remittance Gateway (VRG) launched as Pakistan's first licensed PSO/PSP and TPSP, focused on financial inclusion.· banking
Regulated entities
2
regulatory licences held by Pathfinder Group
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Pathfinder Group’s embedded-finance stack
Payments / PSP
Virtual Remittance Gateway (self-operated)
Banking / BaaS
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.