Pakistan’s digital payments boom fails to break economy’s dependence on cash
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Pak digital payments boom fails to break cash dependence
New Delhi Pakistan’s rapid growth in digital payments has failed to translate into a meaningful reduction in the country’s reliance on cash, highlighting a widening gap between how money is transferred and how it is ultimately spent, a report has said. Despite a surge in mobile banking usage, digital merchant adoption and government-led efforts to promote cashless transactions, currency in circulation (CIC) reached a record Rs 11.94 trillion in …
Pakistan’s digital payments boom fails to break economy’s dependence on cash
New Delhi, Aug 16 (SocialNews.XYZ) Pakistan's rapid growth in digital payments has failed to translate into a meaningful reduction in the country's reliance on cash, highlighting a widening gap between how money is transferred and how it is ultimately spent, a report has said. Despite a surge in mobile banking usage, digital merchant adoption and government-led efforts to promote cashless transactions, currency in circulation (CIC) reached a rec…
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