Pakistan to Distribute Ramazan Package Through Digital Wallets to Promote Cashless Economy
Prime Minister Shehbaz Sharif has directed that financial assistance under the Ramazan Package be distributed exclusively through digital wallets, aiming to ensure transparency, dignity for beneficiaries, and a shift toward a cashless economy.
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.
Government Accelerates Raast Expansion and Digital Economy Drive: PM
Prime Minister Shehbaz Sharif has directed provinces to expand Raast to the district level as part of the government’s drive towards a cashless economy. Plans include digital IDs for all citizens, stronger payment linkages, and expanded fibre infrastructure to accelerate financial inclusion.
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.