SBP’s Q3 FY25 Report Highlights Major Growth in Digital Payments and E-Commerce Transactions
The State Bank of Pakistan’s third quarterly review for FY25 highlights a robust increase in digital payment adoption, driven by mobile banking, e-commerce, and QR transactions, with digital platforms handling 89% of all retail payments.
Digital Payments Dominate Retail Transactions in Pakistan, Hitting 89% Share in Q3 FY25
In Q3 FY25, digital payments accounted for 89% of Pakistan’s retail transactions by volume, with mobile banking, e-wallets, and Raast leading the shift toward a cashless economy, according to SBP’s latest report.
SBP to Roll Out PRISM+ Nationwide to Modernize Pakistan’s Digital Payment Infrastructure
The State Bank of Pakistan is set to launch PRISM+, an advanced digital payment and settlement system designed to transform the country’s financial infrastructure under Vision 2028, with full rollout beginning June 16, 2025.
Raast QR Payments Now Available in Mandis Across Pakistan: Faysal Bank Launches Cashless Eid Payment Solution
Faysal Bank introduces Raast QR payments across major Mandis in Pakistan, offering a safer, faster, and cashless method for Eid shopping. The initiative aligns with State Bank of Pakistan’s digital financial services push and provides consumers with a new avenue for secure transactions.