The Khyber Pakhtunkhwa (KP) province is set to become Pakistan’s first region to implement a universal digital payment system, transitioning toward a cashless economy. The “Cashless Khyber Pakhtunkhwa” initiative mandates that all public and private financial transactions, from small-scale purchases to large business dealings, be conducted digitally.
Developed in collaboration with mobile wallet service providers, the system is designed to function even in offline modes, ensuring accessibility in remote areas. A phased implementation plan assigns specific responsibilities to various government departments and district administrations, with Chief Minister Ali Amin Gandapur overseeing the initiative.
Gandapur emphasized that this move aims to promote the digital economy, enhance financial transparency, and eliminate fraud and corruption. The government plans to collect data on all commercial entities, including small shops and street vendors, to integrate them into the digital framework. Businesses and public transport services will be required to display QR codes for digital payments, supported by a robust regulatory framework to ensure compliance.
To facilitate the transition, the KP administration has planned public awareness campaigns, training programs, and support services for businesses and citizens. This initiative is expected to boost fintech solutions, improve economic security, and enhance tax collection, creating a more business-friendly environment in the province.
