Pakistan’s RAAST Processes Rs80 Trillion in Transactions, User Base Crosses 48 Million
Pakistan’s instant payment system RAAST has processed over Rs80 trillion through more than 3 billion transactions since launch, as the Prime Minister calls for faster adoption to strengthen financial inclusion and a cashless economy.
Pakistan’s Cashless Transition Gains Momentum with Growing RAAST Digital Payments
Pakistan’s journey toward a cashless economy gains pace as RAAST continues to deliver fast, safe and reliable digital payments, with the banking industry working together to expand a secure and inclusive digital ecosystem.
Allied Bank Launches Pakistan’s First RAAST-Enabled Cash Deposit Machines, Advancing the Shift Toward a Cashless Economy
Allied Bank becomes the first bank in Pakistan to introduce RAAST-enabled Cash Deposit Machines, enabling instant cross-bank deposits and accelerating the country’s transition toward a modern digital payments ecosystem.
Empowering SMEs and Entrepreneurs: How Mashreq NEOBIZ is Revolutionizing Business Banking in Pakistan
Mashreq NEOBIZ is redefining SME banking in Pakistan by offering a fully digital, paperless, and accessible platform tailored to the needs of entrepreneurs and small businesses. With features designed to solve real challenges, it aims to drive financial inclusion and empower local businesses to grow.
NIBAF Celebrates Financial Literacy Milestone with FDE Students in Islamabad
National Institute of Banking and Finance celebrated its landmark financial literacy initiative with FDE students, highlighting partnerships with Karandaaz Pakistan and the State Bank of Pakistan. The event showcased the achievements of the FLIP project, training thousands of teachers and reaching over 110,000 students, reinforcing the importance of early financial education for national economic growth.
SBP Governor Jameel Ahmad Stresses Durable Macroeconomic Stability for Inclusive Growth
SBP Governor Jameel Ahmad highlights the need for durable macroeconomic stability to drive inclusive growth, emphasizing financial inclusion, microfinance sector reforms, and climate resilience initiatives at the Annual Microfinance Conference in Karachi.
Financial Inclusion in Pakistan Reaches 67% as SBP Targets 75% by 2028
Pakistan’s financial inclusion has climbed to 67%, with the State Bank of Pakistan aiming to push it to 75% by 2028. Governor Jameel Ahmad credits this progress to digital initiatives and inclusive policy measures.
Quwat Goes Live on PayFast, Strengthening Digital and Retail Financial Connectivity Across Pakistan
Quwat officially launches on PayFast, integrating major payment platforms like Raast, Easypaisa, and JazzCash to expand secure, affordable, and inclusive digital financial services nationwide through its FLYP and CASHYN networks.
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.
PM Initiates Major Push Towards Cashless Economy with Three High-Level Committees
Prime Minister Shehbaz Sharif launches three expert committees to fast-track Pakistan’s cashless economy, expanding RAAST and forming a national digital master plan for seamless digital transactions.