As digital wallets and mobile financial platforms like Easypaisa continue to revolutionize banking in Pakistan, the State Bank of Pakistan (SBP) is stepping up efforts to enhance transaction security.
Starting July 1, 2025, individuals making cash deposits or withdrawals through retail agents will be required to complete biometric verification. This new step is designed to protect users from identity fraud and unauthorized access, especially as mobile transactions have become a daily routine for millions.
Importantly, there is no risk to your account or funds. Contrary to online rumors, this regulation does not result in blocked accounts or frozen money. Your digital wallet will function as usual.
If you’re wondering whether your online transactions will be affected, the answer is no. This policy only applies to cash-based transactions through retail agents, not app-based transfers or payments.
So what’s new? Retail agents are now equipped with biometric verification tools. To deposit or withdraw cash, you’ll simply need to verify your identity with a quick thumbprint. It’s a one-time setup if you haven’t already done it, and it ensures safer access to your funds.
The SBP believes this move will bolster confidence in the digital economy and help create a more secure financial ecosystem for everyone.
