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Govt moves to continue subsidy for Raast QR payments
Prime Minister Shehbaz Sharif has decided to continue the subsidy on merchant discount rate (MDR) charges for Raast QR payments to encourage wider merchant adoption of digital payment systems, the finance ministry said on Friday. The development came during a meeting between Minister of State for Finance, Bilal Azhar Kayani, and the presidents, chief executive officers and chief digital officers of banks regarding the Prime Minister’s Cashless Pakistan Initiative. According to a statement, officials of the State Bank of Pakistan (SBP), the CEO of Raast and officials of Karandaaz also attended ...
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