Why Kuda Bank changed its name in Pakistan to operate digital banking

  • Kuda Bank has announced that it has obtained a license from the Pakistani central bank
  • According to the Nigerian bank, it will operate as a digital bank under the name KT Bank
  • The bank first ventured outside the African market in 2022 when it opened operations in the United Kingdom

Kuda Bank has obtained a License from the Pakistani apex bank, the State Bank of Pakistan (SBP) to operate a digital bank in the country.

The license was given to the Nigerian neobank on Friday, January 13, 2023. It will operate under the name KT Bank and is one of the five banks to obtain a license from the Pakistani apex bank.