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.
Link International Exchange Partners with SBP to Launch QR-Based Payments under Raast Across 75 Branches Nationwide
Link International Exchange joins hands with the State Bank of Pakistan to roll out QR-based payments under the Raast framework across its 75 branches, marking a key milestone in Pakistan’s journey toward a cashless and digitally inclusive economy.
Driving Digital Innovation: Allied Bank and LUMS Host 4th Fintech Hackathon
Allied Bank and LUMS hosted the 4th Fintech Hackathon, empowering fintech startups, innovators, and students to build creative solutions in areas like AI, digital onboarding, sustainable banking, and RAAST payments, bridging academia and industry to drive digital financial transformation in Pakistan.
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.
State Bank Launches Revised Framework to Digitize BISP Sahulat Account Onboarding Across Pilot Cities
The State Bank of Pakistan rolls out a revised framework for BISP Sahulat Accounts, introducing biometric verification and secure digital processes for onboarding beneficiaries in pilot cities.
Karandaaz Survey Shows Fourfold Growth in Financial Inclusion, but Gender and Regional Divides Persist
Karandaaz Pakistan’s 2024 Financial Inclusion Survey reveals a fourfold rise in account ownership over a decade, driven by mobile money, but highlights persistent gender and regional inequities. The RAAST system shows early promise amid enduring trust and usage barriers.