Pakistan, June 25 -- Digital payments in Pakistan are growing fast. In the third quarter of fiscal year 2024-25, transactions rose by 12%. The total number reached 2.408 billion. Meanwhile, the overall value of these transactions also increased by 8%, reaching Rs164 trillion. The State Bank of Pakistan (SBP) shared these numbers in its latest report on payment systems.

Mobile banking is leading this growth. People used mobile apps and e-wallets for 1.686 billion transactions worth Rs27 trillion. This marks a 16% increase in volume and 22% in value. Clearly, more people trust and use mobile platforms now. Their ease of use and fast service make them a top choice.

User numbers also grew across all digital banking channels. Mobile app user...