PayFast, Unity Retail, and SLGTrax Launch Rah-e-Raast, Pakistan’s First Merchant-Friendly Raast QR Payment Solution
PayFast, Unity Retail, and SLGTrax have collaborated to introduce Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution, enabling seamless digital payments directly via parcel airway bills and transforming doorstep transactions.
PayFast, Unity Retail, and SLGTrax Launch ‘Rah-e-Raast’ — Pakistan’s First Merchant-Friendly Raast QR Payment Solution
PayFast, Unity Retail, and SLGTrax have launched Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution, enabling instant digital payments through QRs printed on parcel airway bills. The initiative supports SBP’s vision of promoting digital inclusion and a cashless economy across Pakistan.
KPMG and Karandaaz Collaborate with SBP to Design Pakistan’s Digital Payment Escrow Framework
KPMG in Pakistan, in partnership with Karandaaz and the State Bank of Pakistan, hosted an industry consultation in Karachi to develop a strategic roadmap for digital payment escrow services, fostering collaboration across the financial and fintech ecosystem.
Pakistan’s Digital Payments Soar in Q3 FY25 with Over 2 Billion Transactions: SBP Report
The State Bank of Pakistan reports over 2 billion digital transactions in Q3 FY25, reflecting strong growth in mobile, wallet, and e-commerce payments as part of the country’s digital financial transformation.
Digital Payments Hit Record High in Q3 FY25 as SBP Reports Surge in Mobile and E-Commerce Transactions
SBP’s Q3 FY25 report highlights robust growth in Pakistan’s digital payments sector, with mobile banking, wallets, and e-commerce transactions rising significantly and digital platforms covering 89% of all retail payments.