Cadepo, a cash and cheque deposit solution, has reached a significant regulatory milestone by meeting the State Bank of Pakistan’s standards for cash deposit machines. The achievement comes after the deployment of more than 600 devices, which have processed over PKR 100 billion in cash and cheque deposits.
Meeting this benchmark under SBP guidelines demonstrates that Cadepo has attained a defined level of operational scale and regulatory compliance. This recognition has led to its inclusion in the official SBP listing for cash deposit machines, marking an important step for financial solutions operating in Pakistan’s regulated banking environment.
The solution is designed to support banks by offering a self-service platform for depositing cash and cheques. By reducing dependency on traditional branch counters, Cadepo allows customers to complete transactions more conveniently while providing extended availability and automated processing. Such systems help banks manage transaction volumes efficiently and improve customer experience.
This milestone also reflects the increasing adoption of self-service banking technologies in Pakistan. As financial institutions continue to expand digital and automated channels, adherence to regulatory standards remains crucial. Endorsement by the central bank gives banks added confidence when integrating such solutions into their operations.
Cadepo’s development underscores efforts within Pakistan’s financial sector to balance technological innovation with regulatory compliance. By supporting gradual modernization of banking services while aligning with national standards, the solution exemplifies the growing trend of automated and customer-focused banking in the country.
