Pakistan Digital Payments Hit 92 Percent Share as Cashless Economy Accelerates
State Bank of Pakistan’s latest report reveals a massive shift toward digital channels, with retail transactions reaching PKR 167 trillion and Raast leading the growth.
SBP Quarterly Report Reveals Massive 92 Percent Surge in Pakistan Digital Payments
State Bank of Pakistan Q2 FY26 payment systems report shows retail transactions hitting PKR 167 trillion with Raast and mobile banking leading digital adoption.
Targeted Fuel Subsidy Model Could Save Pakistan 104 Billion Rupees Over Three Months
As Dubai crude hits $146, experts advocate for a targeted fuel subsidy via RAAST and NADRA to protect motorcyclists while saving the national treasury PKR 104 billion.
SBP Issues Procedure for Fee-Free Remittance Disbursement Through Raast
The State Bank of Pakistan has issued a procedure allowing approved exchange companies to disburse inward remittances through Raast without charging beneficiaries, supporting digital payments and transparency.
SBP Governor Highlights Human Oversight in AI-Powered Islamic Finance for Financial Inclusion
State Bank of Pakistan Governor Jameel Ahmad emphasizes human judgment in AI-based banking decisions while promoting digital innovation to expand Islamic finance and financial inclusion.
SBP Governor Urges Human Judgment in AI-Driven Banking Decisions
SBP Governor Jameel Ahmad stresses the importance of human oversight in AI-driven banking decisions, highlighting digital payments growth and Shariah-aligned innovation at AlBaraka Forum Pakistan 2026.
NIBAF Pakistan Conducts RAAST Integration and Regulatory Compliance Training
NIBAF Pakistan organized a two-day training in Karachi on RAAST integration governance, STP, and regulatory compliance to strengthen digital payment capabilities of banks and SBP officers.
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.