Pakistan government announces new instant digital payment system - 0 views
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John Kiff on 12 Jan 21The State Bank of Pakistan launched a new instant digital payment system in a bid to boost financial inclusion and government revenue in the country where only a fraction of economic transactions occur on the books. The new system, called "Raast" or "direct way", will be rolled out in three phases culminating in early 2022. Developed through a multi-year collaboration with the Bill & Melinda Gates Foundation, and support from the World Bank, Britain and the United Nations, one goal for Raast is to boost involvement of women in the formal economy. https://www.sbp.org.pk/press/2021/Pr-11-Jan-21.pdf