Real-time transaction visibility: Centralised merchant database proposed
ISLAMABAD: The government has proposed establishing a centralised database of digital merchants to improve real-time transaction visibility and accelerate Pakistan’s transition towards a cashless economy, as digital transactions surged to 11.3 billion and the number of active digital merchants surpassed two million over the past year. The proposal was discussed at a high-level review meeting…
The government of Pakistan has proposed the establishment of a centralised database for digital merchants to enhance real-time transaction visibility and accelerate the country's transition towards a cashless economy. This proposal was discussed at a high-level review meeting chaired by Minister of State for Finance Bilal Azhar Kayani, with participants from various government agencies and private-sector stakeholders.
The meeting aimed to assess progress under Prime Minister Shehbaz Sharif’s Cashless Pakistan Initiative and prepare for its upcoming review, with a focus on strengthening monitoring of digital transactions and facilitating wider merchant adoption nationwide.
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