Tag: RAAST QR code

Pakistan to Mandate QR Code Payments under PS&EFT Act Amendment, Boost Digital Finance Ecosystem

The Finance Division has drafted amendments to the PS&EFT Act, mandating at least one digital payment mode including QR codes, while the government accelerates digitization across public and provincial departments to strengthen Pakistan’s cashless economy.

Government Mandates Raast QR Code Display at All Retail Outlets by August 31, 2025

The Government of Pakistan has set August 31, 2025, as the deadline for all retail outlets to display Raast QR codes. The move supports SBP’s digital payment strategy and will be enforced through license renewals and compliance checks by ministries and regulators.

Government Mandates Raast QR Code Display at All Retail Outlets by August 31, 2025

The Government of Pakistan has set August 31, 2025, as the deadline for all retail outlets to display Raast QR codes. The move supports SBP’s digital payment strategy and will be enforced through license renewals and compliance checks by ministries and regulators.

Cashless Economy at Crossroads as Pakistan Weighs Incentives Versus Penalties

A government committee recommends fast-tracking Pakistan’s shift to a cashless economy with either digital tax breaks or cash surcharges. With the informal sector valued at $140 billion, the future of payment policy will be decided in the upcoming June budget.