Prime Minister Shehbaz Sharif Accelerates National Shift Toward Cashless Economy to Drive Digital Growth and Enhance Fiscal Transparency
Prime Minister Shehbaz Sharif has instructed relevant authorities and financial institutions to fast-track the transition to a fully digital, cashless economy.
Easypaisa Digital Bank and Servis Shoes Partner to Launch QR Payments and Soundbox Across 300 Stores Nationwide
Pakistan first digital retail bank collaborates with Servis Shoes to deploy contactless quick response payments and sound notification devices across its retail network.
State Bank of Pakistan Documents Acceleration in Cashless Retail Payment Channels
The State Bank of Pakistan reports a historic shift to cashless payments as digital platforms manage over ninety percent of formal retail transactions.
NBP Partners with ISTIQEME to Expand QR-Based Digital Payments and Accelerate Cashless Economy in Pakistan
National Bank of Pakistan teams up with ISTIQEME to deploy QR-based payment infrastructure, merchant onboarding systems, and training programs to strengthen digital payments and support financial inclusion across Pakistan.
Pakistan to Distribute Ramazan Package Through Digital Wallets to Promote Cashless Economy
Prime Minister Shehbaz Sharif has directed that financial assistance under the Ramazan Package be distributed exclusively through digital wallets, aiming to ensure transparency, dignity for beneficiaries, and a shift toward a cashless economy.
Pakistan and Visa Boost Digital Payment Systems to Promote Cashless Economy
Pakistan’s finance ministry and Visa agree to enhance technical coordination for digitizing government payments, expanding financial inclusion, and supporting small businesses and remittances.
Digital Payments Expand in Pakistan, Yet Cash Reliance Remains High: PwC Banking Report 2025
Pakistan’s shift toward a cashless economy is gaining momentum, driven by Raast and QR payments, but digital adoption continues to lag regional peers due to structural constraints and heavy cash reliance, according to PwC Pakistan’s Banking Publication 2025.
Pakistan’s Digital Payment Surge Faces Cultural and Infrastructure Hurdles Amid Cash Reliance
Pakistan is experiencing rapid growth in digital payments with platforms like Raast, JazzCash, and Easypaisa driving transactions, yet cash remains dominant due to awareness gaps and cultural habits.
Cashless Economy Drive Faces Hurdles as Only 700,000 Retailers Adopt Digital Payments
Pakistan’s cashless economy initiative faces challenges as less than 700,000 retailers currently offer digital payment options, highlighting the gap between government targets and implementation.
BankIslami Enhances ‘aik’ Digital Platform to Expand Shariah-Compliant Banking and Lifestyle Services
BankIslami has enhanced its digital Islamic banking platform ‘aik’ with Raast QR payments, instant account opening, and Islamic lifestyle features, advancing Shariah-compliant banking and financial inclusion across Pakistan.