raast
Govt Moves to Make Raast QR Payments Compulsory Nationwide
2 min read
Pakistan is set to undergo a major shift in its retail landscape as the government moves to legally mandate Raast QR payments across the country.…
Digital Banking Users in Pakistan Surge Past 96 Million
2 min read
Pakistan is witnessing a remarkable rise in digital banking users, marking a major milestone in the country’s move toward a cashless economy. Recent data shows…
Independent Audit of Cashless Economy Initiative 2025 on the Cards
3 min read
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.…
ECC Greenlights Rs3.5bn to Boost Raast QR Adoption
2 min read
Islamabad: The Economic Coordination Committee (ECC) of the Cabinet approved a set of measures to speed up digital payments and to support people hit by…
Pakistan to Introduce Digital IDs for Citizens in Cashless Economy Push
2 min read
Prime Minister Shehbaz Sharif has announced that the government is prioritising the creation of Digital IDs to support Pakistan’s shift toward a cashless economy. Chairing…
SBP Expands Raast & PayPak to Reduce Foreign Payment Reliance
3 min read
The State Bank of Pakistan (SBP) has accelerated its efforts to reduce Pakistan’s dependency on expensive international card networks like Visa and MasterCard, which settle…
Alibaba Pakistan Partnership to Drive Exports Through Digital Payments
2 min read
KARACHI: In a strategic move to expand Pakistan’s presence in global markets, the government is set to formalize an Alibaba Pakistan partnership next week. This…
Only 3% of Pakistan Retailers Accept Digital Payments: SBP
2 min read
Despite advances in digital payment infrastructure, Pakistan’s retail sector shows low adoption of point-of-sale (POS) systems, underscoring a continued dependence on cash transactions. According to…
Finance Minister Leads Strategy Meeting on Pakistan Digital Economy
2 min read
ISLAMABAD: In a strategic push to modernize financial systems, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a high-level meeting at the Finance…
114 Million Unbanked and Just 18% Digitally Active: What’s Holding Pakistan Back?
3 min read
Pakistan continues to face significant challenges in achieving financial inclusion and expanding digital payment adoption, as highlighted in a recent World Bank report. The report…
Raast Records Over 892 Million Transactions as SBP Pushes for Digital Shift
2 min read
KARACHI: Pakistan’s digital payment landscape continues to expand rapidly, with Raast, an instant digital payment platform developed by the State Bank of Pakistan (SBP), crossing…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
3 min read
Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…
Raast Payments Reach Rs1 Trillion in Just 16 Days
4 min read
KARACHI: Pakistan has seen a significant shift toward digital payment solutions, with citizens transacting Rs1 trillion in just 16 days through the instant payment system…
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