Pakistan, March 19 -- The Khyber Pakhtunkhwa government has launched the "Cashless Khyber Pakhtunkhwa Initiative" to promote digital payments and reduce cash dependency. This mandatory system will streamline transactions, enhance financial transparency, and drive economic growth across the province.

To ensure smooth execution, the initiative will involve partnerships with mobile wallet providers and a strong enforcement mechanism led by district administrations. Businesses will be required to display QR codes for payments, including shops, kiosks, and public transport. A digital registration portal will also be created for onboarding businesses.

The move aims to combat fraud, improve tax compliance, and attract fintech investment. Addit...