The State Bank of Pakistan is reviewing proposals to accelerate the adoption of PayPak, including mandatory issuance for government employees and welfare beneficiaries, as part of efforts to strengthen the country’s digital payments ecosystem.
The proposals, shared by the State Bank of Pakistan (SBP), are aimed at accelerating the adoption of the country’s domestic payment scheme.
To encourage wider use, 1LINK has recommended tax incentives and cashback offers on Point-of-Sale (PoS) and e-commerce transactions made through PayPak cards.
It also proposed installing PayPak-enabled PoS terminals at government service centres, including NADRA, Excise and Passport offices, to expand acceptance.
The company further suggested offering discounts, loyalty rewards and cashback on PayPak transactions, particularly for utility bill payments, fuel purchases, public transport and other government-related payments.
The proposals support the SBP’s strategy to strengthen Pakistan’s domestic payment infrastructure by increasing transactions routed through PayPak and the Raast instant payment system.
According to the central bank, initiatives such as co-badged PayPak cards, expanded e-commerce acceptance and promotional campaigns have boosted transaction volumes.
