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KARACHI: The State Bank of Pakistan (SBP) has announced a QR code-based payment mechanism through Raast, the instant payment system, to facilitate the purchase of sacrificial animals ahead of Eidul-Azha.
SBP’s Joint Director of the State Bank of Pakistan’s Payment System Policy and Oversight Department, Ahmed Sumair revealed this while speaking at the 17th international conference titled ‘Mobile Commerce 2024’.
He stated that the central bank is collaborating with 25 banks to implement QR code payments in 50 major cattle markets ahead of Eid in June 2024.
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