Pakistan’s digital payment landscape experienced significant growth as online retail transactions reached 2.8 billion between July and September, marking a 10 percent increase from the previous quarter. The total value of these transactions also rose by six percent, reaching Rs166 trillion. According to the State Bank of Pakistan, this surge was largely driven by the widespread adoption of mobile app-based banking, as both consumers and businesses increasingly embraced digital financial solutions.
Digital channels now account for nearly 90 percent of all retail payments, with mobile banking emerging as the dominant platform. Fund transfers led in both transaction volume and value, highlighting the country’s shift toward a more cash-lite and digitally integrated financial ecosystem.
