HugoHub launches for the first time at regulated Pakistani bank HugoBank

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HugoHub has deployed its banking platform at HugoBank in Pakistan, marking its first deployment at a regulated bank. HugoBank holds a restricted license issued by the State Bank of Pakistan (SBP) and opened its first pilot customer account on September 25. The platform integrates core banking, payments, card management and other services, and connects to NADRA biometric verification, 1LINK and Raast. HugoBank plans to apply for approval to commence commercial operations in early 2027 after the pilot.