Approval of Raast QR MDR scheme: SBP told to prepare working paper

ISLAMABAD: The government has directed the State Bank of Pakistan (SBP) to prepare a working paper for approval of the Raast QR Merchant Discount Rate (MDR) scheme to sustain the expansion of digital payments, as active merchants accepting digital payments have increased fourfold to 2.03 million under the Prime Minister’s Cashless Pakistan initiative. Minister of State for Railways and Finance, Bilal AzharKayani, chaired a high-level follow-up meeting on “Cashless Pakistan” at the Finance Divisi

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