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Pakistan Government Proposes Merchant Discount Rate for Raast QR Payments

November 13, 2026 • 14 minutes ago •

ISLAMABAD: The Finance Division of Pakistan has directed the State Bank of Pakistan (SBP) to draft a working paper aimed at establishing a Merchant Discount Rate (MDR) scheme for Raast QR payments. This initiative is part of the government’s broader strategy to enhance digital transactions across the country.

Minister of State for Finance Bilal Azhar Kayani emphasized the importance of this move during a recent meeting of the Cashless Pakistan initiative. He stated that implementing an MDR will facilitate smoother digital payment processes for merchants, thereby encouraging more businesses to adopt cashless solutions.

The introduction of a Merchant Discount Rate is expected to significantly impact the economy by promoting digital transactions, which can lead to increased financial inclusion and transparency. As more consumers and businesses engage in cashless payments, the government aims to reduce reliance on cash, ultimately fostering a more efficient economic environment.

In the coming weeks, the SBP will present the working paper to relevant stakeholders for approval. This step is crucial in determining the structure and implementation timeline of the MDR scheme, which is anticipated to roll out in the near future.

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