Tag: SBP digital payments

ayFast, Unity Retail, and SLGTrax Launch ‘Rah-e-Raast’ – Pakistan’s First Merchant-Friendly Raast QR Payment Solution

PayFast, in collaboration with Unity Retail and SLGTrax, has launched Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution. The innovation enables digital payments directly via QR codes printed on parcel airway bills, streamlining last-mile collections and supporting the State Bank of Pakistan’s vision for a cashless and digitally inclusive economy.

SBP Launches Streamlined Digital Framework to Simplify Bank Account Opening for Individuals and Businesses

SBP introduces a unified framework to simplify and digitize the account opening process across banks, allowing individuals and businesses to open accounts within two days and access digital payment solutions.