Banks Urged to Expand Digital Payments Under Cashless Pakistan Plan
Finance Minister Bilal Azhar Kayani asks banks to increase digital payment services and support the country's cashless initiative.
Banks are urged to expand digital payment services as Pakistan continues its Cashless Pakistan Initiative and promotes QR payments.
Banks Asked to Support Cashless Pakistan Initiative
Minister of State for Finance Bilal Azhar Kayani has urged banks to play a more active role in promoting digital payments under the Prime Minister's Cashless Pakistan Initiative.
He made these remarks during a meeting with banking executives at the Pakistan Banks Association's office in Karachi on November 13, 2026.
Focus on Digital Payment Services
The minister highlighted progress in digital payments and the digitisation of government transactions. He encouraged banks to make digital payment services more widely available and easier for people to use.
He also confirmed that the government would continue the Raast QR subsidy to support merchants and encourage digital transactions.
SBP Asked to Consult Banks
The minister directed the State Bank of Pakistan to hold consultations with banks, Raast and Karandaaz to develop recommendations for improving digital payment services.
The discussions will focus on QR payments, user experience and practical steps to increase the use of digital transactions across Pakistan.
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