Pakistan's Cashless Future: How Raast Is Transforming Digital Payments | Dawn News English
Can Pakistan become a truly cashless economy? In this special episode of All Things Money, we bring together key stakeholders driving Pakistan's digital payments revolution: • Saleem Ullah – Deputy Governor, State Bank of Pakistan • Waqas ul Hassan – CEO, Karandaaz Pakistan • Munir Kamal – CEO & Secretary General, Pakistan Banks' Association The panel discusses how Raast, Pakistan's instant payment system, is reshaping the country's financial landscape, expanding financial inclusion, supporting women and small businesses, enabling digital government payments, and laying the foundation for a modern digital economy. 00:00 Introduction 00:49 What is Raast? 05:45 Karandaaz's role in building Raast 11:04 Banking sector's biggest challenges 14:30 Financial literacy & digital adoption 17:20 Making digital payments accessible 21:53 Pakistan's cashless economy vision 22:17 Financial inclusion for women 25:36 Can Pakistan become like India's UPI? 29:31 Data privacy & consumer protection 34:19 Digital Public Infrastructure (Pakistan Stack) 36:22 Raast and social protection (BISP) 39:22 Cross-border remittances through Raast 42:14 Why Pakistan still relies on cash 46:54 Government's push for digital payments 48:34 Eid cattle market digital payments #Pakistan #Raast #DigitalPayments #CashlessEconomy #StateBank #SBP #Fintech #Banking #Karandaaz Disclaimer: This episode is produced in partnership with Karandaaz Pakistan. Editorial decisions, questions and production remain independent. --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Website: www.dawn.com Official Facebook: / dawnnewsenglish Official Twitter: https://x.com/dawnnewsenglish Official Instagram: / dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews
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