Published on, Aug. 20 -- August 20, 2025 7:14 AM

The State Bank of Pakistan (SBP) launched its upgraded payment and settlement system, PRISM+, on Tuesday.

"Previously, we launched RAAST, Pakistan's instant payment system. With today's launch, Pakistan joins those few countries whose retail and large value payment systems and other infrastructure are based on the latest ISO standard," said SBP Governor Jameel Ahmad, while addressing the launching ceremony.

The central bank chief acknowledged the contribution of the World Bank in bringing "this project to life".

"Today, our financial landscape is rapidly digitising across payments, fintech, e-commerce and banking. We see innovation driving change both in service delivery and consumer pr...