digital payments
The Raast Revolution: Apps Now Control 81% of Pakistan’s Digital Payments
Pakistan’s shift toward a cashless economy is accelerating at a record pace. The State Bank of Pakistan (SBP) has released its Payment Systems Quarterly Review…
P@SHA Flags Gaps in Raast, Urges Digital Merchant Incentives
The Pakistan Software Houses Association (P@SHA) has urged the government to launch a National Digital Merchant Incentive Program to accelerate Raast adoption, warning that despite…
Pakistan’s Cashless Push Struggles to Match Regional Peers
Pakistan’s transition toward a cashless economy is accelerating, but the country still lags behind regional peers due to structural challenges in its digital payments ecosystem.…
Finance Minister Pushes Faster Shift to Digital Banking in Meeting With Ant, Easypaisa
Pakistan’s push toward a cashless economy gained momentum as Finance Minister Senator Muhammad Aurangzeb met senior executives from Ant International and Easypaisa to align on…
Fewer Than 700,000 Retailers in Pakistan Use Digital Payments
Pakistan’s drive toward a cashless economy faces hurdles as fewer than 700,000 retailers are currently connected to digital payment platforms. Despite government efforts, resistance from…
MoITT Seeks Third-Party Review for Cashless Economy Initiative
The Ministry of Information Technology and Telecommunication has announced that it will conduct a third-party evaluation of the federal government’s cashless economy program. The ministry…
Govt to Launch National Data Exchange Layer Pilot Phase in December
Pakistan is preparing to launch the pilot phase of the National Data Exchange Layer (NDEL), a major step toward a fully connected and transparent digital…
CDA Enables Digital Payments at Over 38,000 Islamabad Shops
Islamabad is rapidly moving toward a cashless economy as the Capital Development Authority (CDA) mandates that all retail outlets under its trade license system must…
SBP Clarifies 2 Hours Cooling Period in Digital Funds Transfer
The State Bank of Pakistan (SBP) has clarified that the 2 hours cooling period does not affect digital funds transfer, which remains instant. According to…
RDA Signs MoU to Launch Digital Payments in Rawalpindi
The Rawalpindi Development Authority (RDA) has signed a landmark MoU with the Financial Accounting and Budgeting System (FABS), under the Office of the Controller General…
OGRA Orders Oil & Gas Sector to Adopt Digital Payments
In a major move towards a innovative economy, the Oil and Gas Regulatory Authority (OGRA) has ordered all entities under its regulation to adopt digital…
SECP Mandates Digital Payments for All Entities by Oct 2025
Pakistan has taken another major step toward a cashless economy. The Securities and Exchange Commission of Pakistan (SECP) has directed all regulated entities to mandatorily…
Independent Audit of Cashless Economy Initiative 2025 on the Cards
The government has decided to conduct an independent review and audit of its “Cashless Economy Initiative 2025,” covering its design, implementation, impact, and governance mechanisms.…
