The Securities and Exchange Commission of Pakistan has issued a directive requiring all SECP-licensed entities to implement digital payment solutions and display them at their business outlets, with a particular focus on using the Raast QR Code. Regulated entities must also accept customer payments made through digital channels, with compliance required by 31 October 2025. The directive applies across SECP-regulated sectors, including Non-Banking Finance Companies, insurance companies, Modarabas, securities brokers, and other licensed market intermediaries. Firms are expected to ensure digital payment options are visible at outlets and are not permitted to refuse customers who choose to pay digitally, and stakeholders are encouraged to coordinate with their banks, microfinance banks and electronic money institutions to obtain free-of-cost Raast QR codes.

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