Shariah-Compliant aik by BankIslami Expands QR Payments Accessibility for Karachi’s Merchant Community
BankIslami’s digital brand aik launches a Shariah-compliant QR payment activation at Creek Walk Food Street in Karachi, supporting Pakistan’s cashless economy agenda and empowering merchants with secure, interest-free digital payments.
Govt Approves Rs3.5 Billion Subsidy to Drive Raast QR Payments and Cashless Economy
The federal government has approved a Rs3.5 billion subsidy to accelerate Raast QR payments under the Prime Minister’s Cashless Economy program. The scheme, managed by the SBP, incentivizes financial institutions to expand merchant onboarding and boost Person-to-Merchant transactions between September 2025 and June 2026.