Pakistan, June 26 -- State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q3 FY25, providing a summary on the payment systems, and presenting notable changes in the digital payment landscape of the country.
The digital payments in the country continued its upward trajectory during Q3-FY25, with substantial increase in transactional volume and value. Retail payment volumes climbed 12 percent to reach 2,408 million transactions, while the overall transaction value grew by 8 percent to Rs 164 trillion.
Further, the number of transactions through digital channels accounted for 89 percent of all retail transactions. Mobile app-based platforms, including mobile banking apps, branchless banking (BB) wallets, and e-m...