Digital payments continue to surge in Pakistan, with 81% of all transactions now being completed through mobile devices, according to the latest State Bank of Pakistan (SBP) Quarterly Report on Payment Systems.
Key Highlights:
- Total Transactions (FY 2024–25): 2.5 billion
- Total Value: Exceeded Rs. 55 trillion
- Dominant Channel: Mobile payments account for the vast majority of digital transactions, reflecting widespread smartphone adoption and convenience-driven consumer behavior.
The SBP report provides a detailed analysis of Pakistan’s payment ecosystem, highlighting:
- Growth in mobile wallet adoption
- Expansion of digital banking services
- Emerging trends in fintech innovation
- Improvements in security and accessibility of digital payment platforms
Implications:
- Strong momentum for financial inclusion, as more users engage in cashless transactions
- Increased efficiency and transparency in the national payments system
- Encouragement for private sector fintech development and mobile banking innovation
The report emphasizes that mobile devices are becoming the preferred tool for payments, reshaping how consumers and businesses interact financially across Pakistan.
