Cadepo, a Cash and Cheque Deposit Solution, has achieved a key regulatory milestone by meeting the benchmark set by the State Bank of Pakistan (SBP) for cash deposit machines. The achievement follows with more than 600 devices and the processing of over PKR 100 billion in cash and cheque deposits.
Meeting this benchmark is a requirement under SBP guidelines and indicates that the solution has reached a defined level of operational scale and compliance. As a result, Cadepo has been included in the official SBP listing for cash deposit machines, which is an important step for solutions operating within Pakistan’s regulated banking environment.
Cadepo is designed to support banks by providing a self-service option for customers to deposit cash and cheques. The system helps reduce reliance on traditional branch counters and allows customers to complete deposit transactions with greater convenience. By offering extended availability and automated processing, such solutions can assist banks in managing transaction volumes more efficiently.
The milestone reflects the growing adoption of self-service banking technologies in Pakistan. As financial institutions continue to explore digital and automated channels, regulatory compliance remains a key requirement. Recognition by the central bank provides banks with additional confidence when adopting such solutions.
Cadepo’s progress highlights the ongoing efforts within Pakistan’s financial sector by TouchPoint to balance innovation with regulatory oversight, supporting gradual modernization of banking services while aligning with national standards.
