In a significant milestone for Pakistan’s digital financial landscape, the Roshan Digital Account (RDA) initiative has surpassed $10 billion in gross total inflows. Launched in September 2020 by the State Bank of Pakistan (SBP) in collaboration with commercial banks, the RDA has become a transformative platform that connects Non-Resident Pakistanis (NRPs) to the country’s banking and investment ecosystem.
As of the latest update, the total number of Roshan Digital Accounts has reached 800,000 — a strong testament to the growing trust and engagement of the overseas Pakistani community with Pakistan’s digital banking framework. This achievement underscores the initiative’s success in promoting financial inclusion, enhancing remittance inflows, and empowering NRPs to contribute more effectively to the country’s economy.
The Roshan Digital Account was introduced as a one-stop digital banking solution to provide overseas Pakistanis with access to a wide range of financial services without the need to visit a consulate or branch in person. The platform allows NRPs to remotely open bank accounts in Pakistan in a fully digital manner, and provides avenues to invest in various instruments such as Naya Pakistan Certificates (NPCs), the Pakistani stock market, mutual funds, and real estate.
Reaching the $10 billion mark in gross inflows signals the strong momentum behind the initiative, which has continued to grow despite global economic uncertainties. Much of this growth has been driven by increased awareness, streamlined onboarding processes, and an expansion of service offerings. Commercial banks, in collaboration with the SBP, have played a crucial role in enhancing the user experience through secure digital platforms and mobile banking tools that cater specifically to the needs of overseas users.
The initiative has also been supported by an extensive marketing campaign and regular policy enhancements aimed at encouraging greater participation. Government officials and financial regulators have consistently emphasized the importance of RDAs in stabilizing the external sector, increasing foreign exchange reserves, and reducing reliance on traditional remittance channels.
The central bank has also implemented various reforms to further ease the process for NRPs, such as allowing joint account ownership, introducing Roshan Samaaji Khidmat (a charity and donation platform), and launching initiatives to enable pension contributions and insurance services through RDA.
Analysts and economists view the $10 billion inflow as a major positive indicator for Pakistan’s financial health and external accounts. With continued innovation and support from the public and private sectors, the RDA program is expected to expand its reach even further in the coming years.
The 800,000 accounts now in operation reflect a broad-based confidence in Pakistan’s banking system and signal a notable success in engaging the global Pakistani diaspora. This trust is expected to deepen as the government continues to prioritize digital finance infrastructure and policy reforms that support financial innovation and inclusivity.
In thanking overseas Pakistanis for their continued trust, stakeholders have reiterated their commitment to providing secure, seamless, and innovative financial services through the Roshan Digital Account. The journey toward financial digitization and diaspora engagement appears firmly on track, bolstered by milestones that highlight the transformative potential of fintech in Pakistan’s economy.