Tag: QR payments Pakistan

The State Bank of Pakistan significantly expands its digital payments campaign to 96 cattle markets nationwide for Eid al Azha 2026 with 22 participating banks.

Pakistan is witnessing rapid growth in digital payments, yet widespread reliance on cash continues to limit nationwide adoption. Despite government initiatives and rising usage among younger consumers, challenges such as low awareness, security concerns, and inconsistent merchant adoption remain major hurdles.

Bank Alfalah partners with Euro Oil Pakistan to deploy Raast P2M QR payments at over 150 fuel stations, advancing Pakistan’s cashless economy and promoting convenient digital transactions nationwide.

Pakistan orders an independent audit of its national cashless economy initiative to ensure transparency, improve execution, and accelerate digital payments adoption, supported by national DPI and telecom infrastructure reforms.

aik by BankIslami launches a Shariah-compliant QR payment campaign at Creek Walk Food Street in Karachi to promote digital adoption, support small merchants, and align with Pakistan’s national cashless economy goals, offering cashback incentives to encourage user participation.

State Bank of Pakistan reports that 93 percent of online purchases in FY25 were made via digital wallets and accounts, highlighting major acceleration in fintech adoption and mobile-based payments, with strong growth across e-commerce, POS, and QR-code transactions.

1LINK and Paysys Labs have partnered to launch 1GO, a Raast-powered digital merchant acceptance platform for banks, aiming to accelerate QR payments and advance Pakistan’s cashless economy vision.