SBP Directs Banks to Enable RAAST Payment System for E-Commerce & Online Stores by March 2025 – Fintech News Pakistan
The State Bank of Pakistan (SBP) has issued a directive requiring banks and financial institutions to integrate the RAAST payment system into e-commerce platforms and online shopping stores by March 31, 2025. The initiative aims to accelerate the digitization of merchant and business transactions across Pakistan. According to the SBP circular, banks must ensure that…