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.
Pakistan’s Banking Sector Backs Federal Budget 2025–26 with Transformative Support for Inclusive Growth
The banking industry, led by the Pakistan Banks Association, has endorsed the Federal Budget 2025–26, playing a pivotal role in supporting initiatives aimed at circular debt resolution, rural financing, SME growth, affordable housing, green mobility, and skills development.
Faysal Bank Recognized for Advancing Disability-Inclusive Banking in Pakistan
Faysal Bank earns national recognition at the PWDs Finclusion Awards 2025 for its efforts in promoting disability-inclusive banking and accessible services across Pakistan, aligned with SBP’s inclusion policy.
Karandaaz Survey Shows Fourfold Growth in Financial Inclusion, but Gender and Regional Divides Persist
Karandaaz Pakistan’s 2024 Financial Inclusion Survey reveals a fourfold rise in account ownership over a decade, driven by mobile money, but highlights persistent gender and regional inequities. The RAAST system shows early promise amid enduring trust and usage barriers.