State Bank of Pakistan bans online payment for Indian content

By: News Desk      Published: 02:34 PM, 13 Nov, 2020
State Bank of Pakistan bans online payment for Indian content

The State Bank of Pakistan, on orders of Cabinet division, has banned payments to #Zee5 streaming platform.

The SBP has directed banks, electronic money institutions, payment system operators and payment system providers to block payments for subscribing Indian content in Pakistan, including Zee5 video-on-demand service, reads the SBP statement.

“We are in receipt of a letter from the Cabinet Division, Government of Pakistan; whereby, they’ve instructed to stop different modes of payments, such as credit cards for subscribing Indian content in Pakistan, including Zee5 video-on-demand service,” the SBP's Payment System Department (PSD) said in a circular issued to the heads of the banks and payment system providers.

“In this regard, it is advised to ensure meticulous compliance of aforementioned instructions of the government of Pakistan and submit compliance status to PSD, SBP by November 13.”

Zee5 is India’s own digital entertainment platform, which offers an-over-the-top (OTT) platform for streaming shows and movies ranging from Bollywood to regional cinema.

Recently, five original Pakistani shows have been produced by the aforementioned streaming platform. Asim Abbasi's Churails and Mehreen Jabbar's Ek Jhooti Love Story have been released on ZEE5 so far.