Pakistan Telecommunication Authority (PTA) and State Financial institution of Pakistan (SBP) issued two Third Celebration Service Supplier (TPSP) licenses in 2018 to Digital Remittance Gateway (VRG) (Pvt) Ltd and Digital Bridge (Pvt) Ltd (DBL) aimed to convey unbanked inhabitants into formal banking companies. Nevertheless, it has been famous that VRG whereas violating the authorized framework and license circumstances, has began an ill-intended marketing campaign in a piece of media, to malign the regulator and affect regulatory choices.To expedite availability of Asaan Cellular Account (AMA) scheme for normal public, PTA offered all facilitation to TPSP licensees, by way of collection of conferences and dialogue spanned over a number of months so as to resolve the technical and monetary points between all stakeholders. Nevertheless, VRG as a substitute of recognising the efforts of PTA, has tried to malign the regulator by publishing twisted details.In actual fact, VRG has tried to place the burden of its personal failures on the a part of regulator. VRG has alleged within the media that PTA has delayed issuance of graduation certificates for industrial operations since Jan 2020, whereas SBP issued authorization to VRG for industrial launch on ninth April, 2020. As a consequence of SBP authorization and finishing industrial settlement with cell operator, VRG utilized to PTA for graduation certificates on 4th August, 2020.It’s clarified that issuance of graduation certificates requires submission of business agreements by a TPSP licensee with all of the Mobile Cellular Operators (CMOs). Since completion of pilot launch and inspection of VRG system in Jan 2020, PTA has repeatedly been urging VRG to expedite and submit industrial agreements for issuance of graduation certificates. Nevertheless, VRG was unable to submit any industrial settlement since final 6 months till 4th August, 2020 that too with just one operator i.e. Jazz. Even the settlement with Jazz is conditional on VRG’s agreements with different operators. Beneath VRG’s license circumstances, a 30 days prior discover is required by VRG for graduation. Therefore, there isn’t a delay on a part of PTA in issuance of graduation certificates and the identical can be issued after fulfilment of High quality of Service circumstances and analysis of the industrial settlement.VRG has additionally reported that it has signed an settlement with SCO which has mandate to function cellphone companies in AJ&Ok and GB. VRG has even not been awarded any TPSP license for AJ&Ok and GB, a requirement to function in AJ&Ok and GB. Due to this fact, VRG’s industrial settlement with SCO is deceptive to most of the people. TPSP licensee can also be required to submit its agreements to the regulator, nevertheless, no settlement with SCO has been submitted but by VRG.Moreover, VRG has blatantly alleged a good regulator to favour different TPSP licensee (DBL) to place strain on the regulator properly earlier than the 30 days discover for processing of graduation certificates, which ends on 4th September 2020. It clearly signifies licensee’s intention of overlaying any shortfalls in industrial agreements and technical design by way of strain techniques.PTA stays dedicated for an early industrial launch of AMA scheme, making certain fulfilment of all technical parameters as outlined in TPSP license, associated IM and subsequent clarifications.