The State Bank of Pakistan (SBP) will officially launch its latest payment and settlement system, named Prism Plus, on Tuesday.
A statement issued on Monday by the central bank said Prism Plus is built on the ISO 20022 financial messaging standard, which supports structured and data-rich financial communication, enabling enhanced transparency, interoperability, and automation across the payment and settlement ecosystem.
The system includes new features for liquidity management, transaction queuing and prioritisation, and scheduling of future-dated payments.
