The State Bank of Pakistan (SBP) is set to launch Prism Plus, an upgraded payment and settlement system aimed at making financial transactions faster, safer, and more efficient
What Prism Plus Will Do
With this new system, banks and financial institutions will be able to:
- Transfer large payments instantly and securely.
- Manage government securities like Treasury Bills and Bonds more smoothly.
- Track balances, payments, and settlements in real time.
- Schedule payments in advance and prioritize urgent transactions.
Why It Matters
The launch of Prism Plus is part of SBP’s broader plan to modernize Pakistan’s financial sector under Vision 2028. By adopting international standards, the system is expected to improve efficiency, reduce risks, and strengthen trust in the country’s banking system.
Looking Ahead
Officials say Prism Plus will not only make banking operations easier for financial institutions but will also create a more reliable foundation for Pakistan’s future digital economy.
