BankIslami launches Raast QR payments in cattle markets across Pakistan

In line with the State Bank of Pakistan’s (SBP) Go-Cashless campaign, aik by BankIslami has enabled Raast QR payments in cattle markets across Pakistan ahead of Eid-ul-Azha 2026.

In a statement, the Islamic bank said that it is digitising the cattle markets, simplifying the experience through its digital capabilities and making it easier for buyers and merchants to transact with convenience and ease.

Commenting on the initiative, Chief Officer of aik, Ashfaque Ahmed, said: “Pakistan’s cattle markets move billions of rupees every Eid season, almost entirely in cash. At aik, we are working to not only improve this experience by providing a safe and seamless alternative, but also contribute to the growth of Pakistan’s Riba-free banking ecosystem.”

As the Go-Cashless campaign expands its wingspan every year, aik by BankIslami aims to be at the forefront of the government’s efforts to transform and digitise the economy, directly supporting the Prime Minister’s vision of a Cashless Pakistan.

Through these efforts, aik by BankIslami is strengthening the digital payment infrastructure within Pakistan’s most traditional and cash-dependent marketplaces, helping bridge the gap between modern financial technology and the everyday Pakistani.

Days ago, the SBP launched a nationwide “Go Cashless” campaign for Eid al-Azha 2026 to promote secure, convenient, and cashless transactions in cattle markets across Pakistan. The initiative forms part of SBP’s broader strategic vision to reduce reliance on cash and accelerate the digitisation of the country’s payment ecosystem.

The participating banks onboard cattle sellers (Beoparis), transporters, and allied service providers onto digital payment channels through account opening and deployment of QR code-based payment solutions.