Pakistan’s digital banking users top 127 million amid shift to cashless economy
Pakistani officials told Prime Minister Shehbaz Sharif on Tuesday the number of digital banking users in the country had surpassed 127 million, the PM Office said, as the government pushes ahead with efforts to promote a cashless economy. Pakistan has witnessed significant growth in digital transactions in recent years. The country’s central bank said last year that its instant digital payment system, Raast, had processed more than 892 million transactions worth Rs20 trillion ($72 billion) since its launch in 2021. During...
