Pakistan’s EMIs and the Arithmetic of Payments
Pakistan’s electronic money institutions face structural challenges in a rapidly digitising retail payments ecosystem. High transaction volumes, low wallet retention, and competition from branchless banking and Raast’s instant rails are shaping the survival and consolidation of EMIs, highlighting the intersection of technology, regulation, and financial incentives.
JazzCash Expands RAAST QR Payments to 400+ Fuel Stations Boosting Pakistan’s Cashless Economy
JazzCash accelerates Pakistan’s cashless economy by enabling RAAST QR payments at over 400 fuel stations, processing PKR 20 million+ in transactions and expanding the nation’s digital merchant network.
Cashless Economy Drive Faces Hurdles as Only 700,000 Retailers Adopt Digital Payments
Pakistan’s cashless economy initiative faces challenges as less than 700,000 retailers currently offer digital payment options, highlighting the gap between government targets and implementation.
SBP Rolls Out Biometric Verification for Cash Deposits to Secure Digital Payments in Pakistan
The State Bank of Pakistan has mandated biometric verification for cash deposits via retailers starting July 1, 2025, aiming to reinforce security in digital transactions and protect mobile wallet users.
Pakistan’s Digital Payments Soar in Q3 FY25 with Over 2 Billion Transactions: SBP Report
The State Bank of Pakistan reports over 2 billion digital transactions in Q3 FY25, reflecting strong growth in mobile, wallet, and e-commerce payments as part of the country’s digital financial transformation.
Digital Payments Hit Record High in Q3 FY25 as SBP Reports Surge in Mobile and E-Commerce Transactions
SBP’s Q3 FY25 report highlights robust growth in Pakistan’s digital payments sector, with mobile banking, wallets, and e-commerce transactions rising significantly and digital platforms covering 89% of all retail payments.