{"id":102309,"date":"2025-05-21T16:08:38","date_gmt":"2025-05-21T11:08:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102309"},"modified":"2025-05-21T16:12:58","modified_gmt":"2025-05-21T11:12:58","slug":"sbp-promotes-digital-payments-in-cattle-markets","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-promotes-digital-payments-in-cattle-markets.html","title":{"rendered":"SBP promotes digital payments in cattle markets ahead of Eid"},"content":{"rendered":"\n<p>Islamabad: In a push to reduce reliance on cash and encourage digital financial inclusion, the State Bank of Pakistan (SBP) has launched a nationwide \u201cGo Cashless\u201d campaign targeting cattle markets ahead of Eid-ul-Adha.<\/p>\n\n\n\n<p>Running from May 20 to June 6, or until Eid night, the campaign is aimed at promoting the use of digital payment solutions in 54 designated cattle markets across the country. These markets see a surge in transactions during the Eid season, particularly for the purchase of sacrificial animals.<\/p>\n\n\n\n<p>The initiative is being carried out in collaboration with the banking industry and is part of SBP\u2019s broader agenda to accelerate the adoption of digital payments nationwide.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbps-rate-cut-triggers-decline-in-kibor-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP\u2019s interest rate cut triggers decline in KIBOR rates<\/a><\/p>\n\n\n\n<p>This year\u2019s campaign builds on the success of similar efforts in 2024, with the SBP reporting increased awareness and usage of digital channels among both buyers and merchants. In addition to animal purchases, digital payments are now being encouraged for related services such as feed, water, and parking.<\/p>\n\n\n\n<p>To further facilitate digital transactions during this high-activity period, the SBP has temporarily eased transaction limits from May 19 to June 15, 2025. Key updates include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Branchless Banking Level-1 Accounts<\/strong>, <strong>Asaan Account\/Asaan Digital Account<\/strong>, and <strong>Merchant Accounts<\/strong> will have <strong>no daily transaction limits<\/strong>.<\/li>\n\n\n\n<li>The <strong>monthly transaction limit<\/strong> for these accounts has been <strong>raised to PKR 5 million<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Digital payment platforms like Raast \u2014 which has already processed over 892 million transactions \u2014 are central to this drive, providing a fast, secure, and cost-free channel for digital transfers.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-reports-32-5-growth-in-remittances.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reports 32.5% growth in remittances, totaling USD 24 bn<\/a><\/p>\n\n\n\n<p>The SBP is urging the public to adopt these digital services to ensure safer, more efficient transactions during the Eid period. Officials emphasized that going cashless not only enhances convenience but also contributes to building a more inclusive and modern financial ecosystem across Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: In a push to reduce reliance on cash and encourage digital financial inclusion, the State Bank of Pakistan (SBP) has launched a nationwide \u201cGo Cashless\u201d campaign targeting cattle markets ahead of Eid-ul-Adha. Running from May 20 to June 6, or until Eid night, the campaign is aimed at promoting the use of digital payment solutions in 54 designated cattle markets across the country. These markets see a surge in transactions during the Eid season, particularly for the purchase of sacrificial animals. The initiative is being carried out in collaboration with the banking industry and is part of SBP\u2019s broader agenda to accelerate the adoption of digital payments nationwide. Read: SBP\u2019s interest rate cut triggers decline in KIBOR rates This year\u2019s campaign builds on the success of similar efforts in 2024, with the SBP reporting increased awareness and usage of digital channels among both buyers and merchants. In addition to animal purchases, digital payments are now being encouraged for related services such as feed, water, and parking. To further facilitate digital transactions during this high-activity period, the SBP has temporarily eased transaction limits from May 19 to June 15, 2025. Key updates include: Digital payment platforms like Raast \u2014 which&hellip;<\/p>\n","protected":false},"author":18,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[50980,63403,64541,17893,64813,60340,64815,64812,64814,34475,59130,6066,2631],"persona":[],"class_list":{"0":"post-102309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-branchless-banking","9":"tag-cashless-economy","10":"tag-cattle-markets","11":"tag-digital-payments","12":"tag-eid-ul-adha","13":"tag-financial-inclusion","14":"tag-fintech-pakistan","15":"tag-go-cashless","16":"tag-mobile-banking","17":"tag-pakistan-economy","18":"tag-raast","19":"tag-sbp","20":"tag-state-bank-of-pakistan","21":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP promotes digital payments in cattle markets - Zameen News<\/title>\n<meta name=\"description\" content=\"This year\u2019s campaign builds on the success of similar efforts in 2024, with the SBP reporting increased awareness and usage of digital...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-promotes-digital-payments-in-cattle-markets.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP promotes digital payments in cattle markets - Zameen News\" \/>\n<meta property=\"og:description\" content=\"This year\u2019s campaign builds on the success of similar efforts in 2024, with the SBP reporting increased awareness and usage of digital...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-promotes-digital-payments-in-cattle-markets.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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