In a major development, Pakistan registered a surge of 12 percent in digital transactions, it was reported on Wednesday.
According to the Pakistan Banking Association (PBA) 88 percent of payments are being made digitally.
The Pakistan Banking Association said that more transactions do not always mean more money. Pakistan Banks Association to hold key meetings on retail banking and the financial sector this year
It is pertinent to mention here that Pakistan’s digital payments ecosystem continued its rapid expansion during the third quarter of FY26, with retail transactions conducted through formal banking and payment channels reaching 3.7 billion.
This marked a 9% quarter-on-quarter increase, according to the State Bank of Pakistan’s (SBP) latest Payment Systems Quarterly Review.
The value of retail payments climbed to Rs168.8 trillion during January-March 2026, up 1% from the previous quarter, reflecting the country’s growing reliance on digital financial services and cash-lite payment methods.
Digital payment channels, including mobile banking apps, internet banking, digital wallets, ATMs, POS terminals, and e-commerce platforms, processed 3.4 billion transactions worth Rs68.3 trillion during the quarter, accounting for 92% of total retail payment volume.
