K-P moves towards cashless economy - News Summed Up

K-P moves towards cashless economy


Bill proposes all businesses across province required to adopt digital payment systemsPhoto: ReutersThe Khyber-Pakhtunkhwa government has prepared legislation to transform the province into a cashless economy by introducing the ‘Khyber-Pakhtunkhwa Digital Payment Act 2026’. According to the draft bill, educational institutions, clinics, and hospitals will also be bound to accept digital payments, while customers will not be charged any additional fee for using such services. The legislation further states that businesses refusing to accept digital payments will face penalties, adding that the use of QR codes will help promote transparency and strengthen the economy. Banks and service providers will be required to offer technical support, while the provincial government will take steps to encourage citizens to shift towards a cashless economy. The bill was presented in the provincial assembly by Law Minister Aftab Alam during its previous session and awaits the approval.


Source: The Express Tribune April 07, 2026 22:30 UTC



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