Tag: merchant discount rate

Govt Continues Raast QR Payment Subsidy to Boost Digital Payments in Pakistan

Prime Minister Shehbaz Sharif has decided to continue the subsidy on merchant discount rate charges for Raast QR payments to encourage merchant adoption of digital payments. The government has also directed the State Bank of Pakistan to consult banks and digital payment stakeholders to improve user experience and advance the Cashless Pakistan Initiative.

SBP Announces Reforms to Boost Digital Payments

State Bank of Pakistan (SBP) has issued instructions to the banking industry for improving the acceptance of payment cards...