Tag: RTGS Pakistan

Digital Transactions Account for Nearly 90% of Retail Payments in Pakistan in Q3 FY25

Pakistan’s digital payments ecosystem reached new highs in Q3 FY25, with 89 percent of retail payments processed digitally. Mobile banking apps, e-wallets, and SBP systems like Raast led the transformation, reflecting strong momentum in the country's shift to a cashless economy.

SBP to Roll Out PRISM+ Nationwide, Upgrading Pakistan’s Real-Time Settlement and Digital Payments Infrastructure

The State Bank of Pakistan (SBP) will launch PRISM+, a next-generation RTGS and Central Securities Depository system, on June 16, 2025, significantly enhancing the country’s digital payments and settlement infrastructure.