Digital Payments Surge to 92% of Retail Transactions in Pakistan

ISLAMABAD: Digital payments have surged to account for over 92% of retail transactions in Pakistan during the fiscal year 2025-26, reflecting the country’s rapid transition towards mobile and digital financial services.

According to the State Bank of Pakistan’s (SBP) Annual Payment Systems Review for FY2025-26, retail payment transactions rose by 58%, reaching a total of 14.3 billion transactions compared to 9.1 billion in the previous fiscal year. This significant increase underscores the growing acceptance and reliance on digital payment methods among consumers and businesses alike.

The shift towards digital payments is not only transforming the retail landscape but also enhancing financial inclusion across the nation. With more people gaining access to mobile banking and digital wallets, the trend is expected to bolster economic activities and streamline transactions, making them more efficient and secure.

Looking ahead, the SBP is likely to continue promoting digital financial services through various initiatives aimed at further increasing adoption rates. Stakeholders in the financial sector are also expected to explore innovative solutions to enhance user experience and security in digital transactions.