KARACHI: BankIslami has enabled Raast QR payments in cattle markets across Pakistan ahead of Eidul Azha, a statement said on Wednesday.
In line with the State Bank of Pakistan’s Go-Cashless campaign, aik by BankIslami is digitising the cattle markets, simplifying the experience through its digital capabilities and making it easier for buyers and merchants to transact with convenience and ease.
Commenting on the initiative, Chief Officer of aik Ashfaque Ahmed said, “Pakistan’s cattle markets move billions of rupees every Eid season, almost entirely in cash. At aik, we are working to not only improve this experience by providing a safe and seamless alternative but also contribute to the growth of Pakistan’s riba-free banking ecosystem.”
As the Go-Cashless campaign expands its wingspan every year, aik by BankIslami remains at the forefront of the government efforts to transform and digitise the economy, directly supporting the prime minister’s vision of a cashless Pakistan.
Through these efforts, aik by BankIslami is strengthening the digital payment infrastructure within Pakistan’s most traditional and cash-dependent marketplaces, helping bridge the gap between modern financial technology and the everyday Pakistani.
