Pakistan In Focus - ECONOMIC TIMES OF PAKISTAN - Pak unveils strategy to move to cashless economy.


Pakistan has launched a strategy for transforming its payment system from the one mainly based on cash to an almost cashless system with the support of the World Bank, as it will launch a mobile app and install one million digital access points nationwide over the next three years.

"The cost of cash right now is huge in Pakistan...[it] is one of the countries which stands out with a very large ratio of cash," said State Bank of Pakistan (SBP) Governor Reza Baqir, before he along with World Bank President David Malpass formally launched the National Payment System Strategy (NPSS) on Friday.

The strategy lays out...

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