Pakistan’s shift toward digital payments is accelerating as mobile banking, electronic wallets and instant payment systems become increasingly common across the economy.
State Bank of Pakistan data for fiscal year 2025-26 showed that digital channels processed about 13.2 billion transactions, representing roughly 92% of retail payments through formal banking channels. Mobile-based payments remained one of the strongest areas of growth.
The expansion of Raast, QR payments and digital banking is also creating new opportunities for merchants and small businesses. Industry experts say the next stage of Pakistan’s financial transformation will involve using digital transaction histories to improve access to credit, savings, insurance and other financial services.
