If you take white economy and black economy its maybe 50:50 in Pakistan hence the we are still using mostly cash. Most of the rich and the ruling class are rich

If you take white economy and black economy its maybe 50:50 in Pakistan hence the we are still using mostly cash. Most of the rich and the ruling class are rich because of illegal/untaxed wealth so its not in their interests to get a digital payment system. Where as the taxes are so high that the rest prefer not to use digital systems either. I don't know if its still the case but 15-20 years ago post dated cheques used to go from company to company without being deposited into the bank as it was an easier way to transport large amounts without it getting officially documented. Even the most used digital systems in Pakistan have so far been of moving cash from 1 place to another. Like you deposit money in 1 shop and it is paid cash to your family in another shop. Either the shop pay 17% sales tax by getting payment through credit card or takes a cash payment and hide the sale