Pakistan Takes a Big Step Toward a Cashless Future!
Prime Minister Shehbaz Sharif has officially launched the Digital Wallet System 2025, marking a historic leap toward a fully digital and cashless Pakistan.
To accelerate adoption, the government has approved a Rs. 3.5 billion subsidy for State Bank–regulated institutions, effective Sept 2024 – June 2025, promoting QR-based payments nationwide.
What It Means
Now everyone — from large corporations to small vendors — can send and receive money instantly via QR codes linked to bank accounts or mobile wallets.
Whether it’s groceries, fuel, or street food, payments are just one mobile scan away.
Why It Matters
Pakistan still holds 27% of its money supply in cash, one of the highest ratios globally.
This initiative aims to:
Reduce cash dependency
Enhance transparency
Digitally trace every rupee
Align Pakistan with global fintech innovation
PM Shehbaz Sharif’s Vision
> “Every transaction traceable, every rupee accountable — this reform will redefine how Pakistan earns, spends, and saves.”
A high-level committee will ensure smooth rollout across both public and private sectors.
Key Benefits
Fast, contactless QR payments
Transparent, traceable transactions
Financial inclusion for all citizens
Growth boost for SMEs and startups
Safer, fraud-free payment systems
Improved tax collection and efficiency
Experts predict that by the end of 2025, more than 70% of domestic payments could shift to digital channels — a true game changer for Pakistan’s economy.
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