The PTA’s efforts are aimed at enhancing the security and reliability of the digital public infrastructure, which is crucial for the country’s digital transformation. The government is also taking steps to strengthen the financial system, including the introduction of a new digital payment system called “Easypaisa.” This system is designed to facilitate seamless and secure transactions, particularly for low-income individuals and businesses. “Easypaisa” aims to bridge the gap between the formal and informal economy by providing access to financial services for those who are traditionally excluded from the traditional banking system.
This system facilitates cross-border payments between Pakistan and other countries in the Arab world. The Raast system, a digital payment platform, has been lauded for its user-friendliness and accessibility. It allows individuals and businesses to send and receive money instantly, with minimal fees. The system has been adopted by various financial institutions in Pakistan, including commercial banks, microfinance institutions, and mobile money operators.
