Digital Payments up 38%, but Cash Still Dominates Markets

Digital payments up 38%, but cash still dominates markets

Pakistan's digital payments landscape continues to expand at an impressive pace. Yet the State Bank of Pakistan's (SBP) latest Annual Payment Systems Review (FY2024-25) warns that deep-seated structural, operational and regulatory challenges could slow the country's transition to a fully digital economy. The report shows retail payment transactions surged to 9.1 billion, valued at Rs612 trillion. This represents a 38% increase in volume and 12% …

Digital payments surge, but cash habits persist

KARACHI : Pakistan’s digital payment ecosystem is growing at a remarkable pace, yet cash continues to dominate everyday transactions, according to the State Bank of Pakistan’s Annual Payment Systems Review for FY2024-25. The report highlights a 38 percent increase in retail payment transaction volume, reaching 9.1 billion transactions valued at Rs612 trillion. Digital channels now account for 88 percent of these, up from 78 percent the previous …

Pakistan Digital Payments FY25 Sees 38% Surge as Mobile Transactions Reach 6.2B

Copyright protected content copied from PhoneWorld website. The State Bank of Pakistan (SBP) has released its Annual Payment Systems Review for FY2024–25, revealing unprecedented growth in Pakistan digital payments FY25 and a rapidly evolving financial landscape driven by technology, regulation, and consumer adoption. According to the report, Pakistan’s retail payments surged to 9.1 billion transactions worth PKR 612 trillion, marking a 38% incr…

Retail payments hit Rs612trn mark in FY25: SBP

KARACHI: Driven by a rapid shift towards digital channels, Pakistan’s retail payments recorded a strong growth during the last fiscal year (FY25), reaching 9.1 billion transactions worth Rs612 trillion, up 38 percent in volume and 12 percent in value year-on-year. According to Annual Report on Payment Systems for the last fiscal year (FY25) issued by the State Bank of Pakistan (SBP) on Monday, overall, Pakistan’s payment systems are undergoing a…

Pakistan’s Digital Payments Surge as SBP Releases FY25 Payment Systems Review

The State Bank of Pakistan (SBP) has released its Annual Payment Systems Review for FY2024-25, highlighting the rapid expansion of the country’s digital payments landscape, fueled by regulatory reforms, infrastructure upgrades, and growing consumer confidence in digital banking channels. According to the report, retail payment transactions surged to 9.1 billion, valued at PKR 612 trillion, […] The post Pakistan’s Digital Payments Surge as SBP Re…