SBP begins digital rupee pilot in Pakistan

Pakistan Launches Trial of National Digital Currency

The State Bank of Pakistan (SBP) has officially started the trial phase of its central bank digital currency (CBDC), marking a significant step toward modernizing the country’s financial system. The digital currency will allow transactions without cash or even a bank account, expanding financial inclusion for millions of unbanked Pakistanis. Pakistan has long faced challenges […] The post Pakistan Launches Trial of National Digital Currency appe…

State Bank of Pakistan launches pilot for digital currency

The State Bank’s Central Bank Digital Currency (CBDC) project has entered the experimental (pilot) phase. With digital currency, transactions will be possible without the need for a bank account or physical cash. The State Bank is developing a regulatory framework to oversee digital currency. Legal and regulatory measures will be finalized before the pilot launch of the digital currency. According to sources, the State Bank’s CBDC project has no…

Pakistan Launches National Digital Currency Trial, Sets New Crypto Security Standards

Pakistan has launched a trial program for its national digital currency, building on the country’s recent comprehensive digital transformation initiative that integrates digital IDs with financial services. The initiative marks a significant step in modernizing Pakistan’s financial system and increasing financial inclusion, particularly as the country works to serve approximately 7 million citizens who currently lack formal identification docume…

SBP begins digital rupee pilot in Pakistan

The State Bank of Pakistan (SBP) has advanced its Central Bank Digital Currency (CBDC) initiative into the experimental stage, marking a major step toward introducing a digital rupee in the country. This project is expected to transform the financial landscape by reducing reliance on cash, increasing financial inclusion, and modernizing payment systems. According to officials, the SBP is in the process of finalizing a comprehensive regulatory fr…