The report of the State Bank of Pakistan (SBP) shows that the digital payments in the country continued its upward trajectory during Q3-FY25, with substantial increase in transactional volume and value.

Retail payment volumes climbed 12% to reach 2,408 million transactions, while the overall transaction value grew by 8% to PKR 164 trillion. Further, number of transactions through digital channels accounted for 89% of all retail transactions.

Mobile app-based platforms, including mobile banking apps, branchless banking (BB) wallets, and e-money wallets, collectively processed 1,686 million transactions valuing PKR 27 trillion, reflecting a 16% growth in volume and a 22% surge in value.

The number of users of digital banking services also witnessed a steady rise. Mobile banking app users grew to 22.6 million (up by 7%), e-Money and BB wallet users increased to 5.3 million (up by 12%) and 68.5 million (up by 6%) respectively, while internet banking users reached 14.1 million (up by 7%).

Source: the State Bank of Pakistan