SBP Governor Inaugurates JazzCash Experience Lounge to Advance Pakistan’s Cashless Economy
SBP Governor Jameel Ahmad inaugurated the JazzCash Experience Lounge in Islamabad, showcasing digital payments innovations that aim to accelerate Pakistan’s shift toward a cashless economy.
DC Expands RAAST Aggregator Network by Onboarding KTrade Securities for Instant Investor Fund Transfers
The Central Depository Company of Pakistan has onboarded KTrade Securities to its RAAST Aggregator Platform, enabling faster digital fund transfers for retail investors and strengthening financial inclusion.
Puma Becomes First Oil Marketing Company to Enable Cashless Economy in Pakistan with HBL Konnect
Puma has partnered with HBL Konnect to become Pakistan’s first oil marketing company offering cashless payments and branchless banking at fuel stations, driving digital adoption and customer convenience.
Govt Seeks SBP Review on Rs3.5 Billion Raast QR Subsidy Impact
The government has tasked the State Bank of Pakistan to prepare a detailed report on the Rs3.5 billion Raast QR subsidy, assessing its impact on merchant adoption, transaction volumes, and the growth of digital payments.
Raast at the Crossroads: Paving Pakistan’s Path to a Cashless Future
Raast, Pakistan’s real-time digital payment system launched by the State Bank, stands at a defining moment as it pushes the nation toward a cashless economy. With new leadership, growing adoption, and integration across fintechs, the platform is set to reshape financial inclusion, remittances, and economic transparency.
SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
SECP Orders Licensed Entities to Mandatorily Display Raast QR Codes by October 2025
The SECP has mandated all licensed entities, including NBFCs, insurance companies, Modarabas, and brokers, to adopt and display Raast QR Codes by October 31, 2025. The directive aims to strengthen Pakistan’s digital payment ecosystem, enhance financial inclusion, and support the transition toward a cashless economy.
Pakistan Introduces PRISM+ to Strengthen Digital Payment and Settlement Infrastructure
The State Bank of Pakistan has launched PRISM+, its upgraded payment and settlement system built on ISO 20022 standards. Governor Jameel Ahmad highlighted its role in enhancing transparency, interoperability, and liquidity management while strengthening Pakistan’s digital payment ecosystem.
FBR’s Rs200,000 Cash Limit to Push Retailers and E-Commerce Towards Digital Payments
FBR has capped cash transactions at Rs200,000, including e-commerce CoD orders. The move is set to push retailers and consumers toward digital payments and financial inclusion.
Meezan Bank Hosts PayPak Hope Engagement Session at Mardan Branch
Meezan Bank Limited hosted a PayPak Hope Engagement Activity at its Mardan Branch, aiming to promote awareness of Pakistan’s local payment card scheme, support financial inclusion, and encourage adoption of secure digital banking practices.