Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
The Future of Digital Banking in Pakistan: Transformative Shifts
Pakistan’s digital banking ecosystem is evolving rapidly with initiatives like Raast, Roshan Digital Accounts, and the SBP’s regulatory push. These shifts are driving financial inclusion, innovation, and a move toward a cashless economy.
Roshan Digital Accounts Record USD 185 Million Inflows in July, Total Crosses USD 10.7 Billion
Roshan Digital Accounts (RDA) attracted USD 185 million inflows in July 2025, raising cumulative inflows to USD 10.748 billion. The scheme continues to provide overseas Pakistanis with secure investment options while supporting Pakistan’s financial stability.
Pakistan Reaffirms Commitment to Regional Economic Integration at SCO Finance Ministers’ Meeting
At the SCO Finance Ministers’ Meeting in Beijing, Pakistan reiterated its dedication to regional economic cooperation, highlighting digital financial initiatives, macroeconomic reforms, and its support for the proposed SCO Development Bank. The address was delivered virtually by Finance Minister Muhammad Aurangzeb.