Tag: SBP digital economy

Pakistan’s Digital Payment Growth Surges Despite Nation’s Deep Reliance on Cash

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.

Pakistan Joins Arab Buna Payment Platform for Faster and Secure Remittances

Pakistan has joined the Arab Monetary Fund’s Buna payment platform to enable secure cross-border inflows from overseas Pakistanis. The move aims to accelerate digital remittances and support SBP’s cashless economy target by June 2026.