Tag: mobile banking adoption

Despite large-scale digital finance infrastructure, Pakistan’s transition away from cash remains limited. Weak behavioral adoption, household-based financial practices, and informality constrain the impact of systems like Raast, keeping digital payments widespread but shallow in everyday economic use.

Pakistan has set ambitious targets under the Prime Minister’s Cashless Economy initiative, including expanding digital merchants, boosting mobile banking users, and routing all remittances through digital channels. The State Bank of Pakistan is set to play a central role in accelerating digital wallet adoption and advancing a cashless economy.