Tag: insurance digital payments Pakistan

SECP mandates digital payments adoption for all regulated entities by October 31, 2025

The Securities and Exchange Commission of Pakistan (SECP) has directed all regulated entities, including NBFCs, insurance companies, modarabas, and securities brokers, to adopt digital payments through Raast QR codes by October 31, 2025. The initiative is aimed at driving financial inclusion, boosting transparency, and accelerating Pakistan’s transition to a cashless economy.