SECP Directs All Entities to Display Raast QR Code

In line with the government’s vision of promoting a cashless economy and strengthening Pakistan’s digital payments ecosystem, the Securities and Exchange Commission of Pakistan (SECP) has directed all its licensed entities to adopt and prominently display digital payment solutions, with a particular focus on the Raast QR Code, at their business outlets.

Mandatory Digital Payment Adoption

According to the directive, all SECP-regulated entities—including Non-Banking Finance Companies (NBFCs), Insurance Companies, Modarabas, Securities Brokers, and other licensed market intermediaries—are required to implement digital payment systems. These outlets must also ensure visibility of such options and cannot refuse customers who choose to pay through digital means.

The SECP has made October 31, 2025, the compliance deadline for full implementation.

Supporting State Bank’s Digitization Drive

The initiative is part of SECP’s alignment with the State Bank of Pakistan’s (SBP) push for digitization. Authorities believe the move will enhance financial inclusion, transparency, convenience, and operational efficiency across regulated industries.

Call for Collaboration

The SECP has urged all stakeholders to work closely with their respective banks, microfinance banks (MFBs), and electronic money institutions (EMIs) to obtain their free-of-cost Raast QR codes and ensure timely adoption of digital payment facilities.

This step marks another milestone in Pakistan’s journey toward building a modern, efficient, and transparent digital economy.