The National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant (P2M) Acquiring, a significant step in its digital payments initiative and Pakistan’s shift towards a cashless economy.

A meeting with NBP’s Digital Banking Group and the State Bank of Pakistan highlighted this milestone, with key representatives from both organizations in attendance. This approval enables NBP to promote Raast P2M acquiring through awareness campaigns targeting merchants, customers, and government entities.

NBP is dedicated to expanding digital payment acceptance, focusing on underserved segments and small merchants, while collaborating with regulators and fintech partners to enhance the cashless economy in Pakistan.