This topic covers the domestic rails that stablecoin products connect to, including Raast and retail payment trends in State Bank of Pakistan data.
Payments in Pakistan
How Pakistan pays: Raast, digital retail payments and the rails under them, explained with sources and linked back to the State Bank's own published data.
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Banking
Allied Bank Fintech Hackathon 2026: PKR 5.3m, apply by 11 Nov
Allied Bank and LUMS open the 5th Fintech Hackathon, with a PKR 5.3 million prize pool across five themes from agentic AI to remittances. Apply by 11 November.
Payments92% digital: what SBP's latest data says about payments
Nine in ten retail payments in Pakistan now run through digital channels. By value, the story is very different. Here is what the State Bank's data shows.
PaymentsRaast, explained: the rail under Pakistan's instant payments
Raast more than doubled in FY26 to 2.76 billion payments, and merchant payments grew faster still. Here is how Pakistan's instant payment system works.
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