Pakistan’s Digital Payments Surge to PKR 612 Trillion as Online Transactions Hit 93% Share: SBP Report
Pakistan’s State Bank reports a sharp rise in digital payment adoption, with total retail payments hitting PKR 612 trillion as mobile banking, e-wallets, and Raast lead the shift toward a cash-lite economy.
Pakistan’s Digital Payment Volumes Hit PKR 612 Trillion as Retail Transactions Climb 38% in FY24–25
Pakistan’s payment ecosystem recorded strong digital adoption in FY24–25, with retail transactions rising 38% to 9.1 billion and digital channels capturing 88% of activity, driven by mobile banking, Raast, and EMI wallets.
PayFast and Askari Bank Collaborate to Drive Raast-Powered Digital Payment Innovation in Pakistan
PayFast and Askari Bank have partnered to launch a Raast-powered white-label checkout solution, streamlining digital payments for merchants and consumers while advancing Pakistan’s vision of a cashless economy.
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.