Dawn
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02:36 Mar 21, 2026
KARACHI: Digital payments have changed the landscape of banking transactions in the country as 92 per cent retail transactions were carried out through this mode during the second quarter of FY26, according to the State Bank of Pakistan. The central bank released its report on payment systems for the October-December 2025 quarter on Thursday. Out of the 3.4 billion retail transactions carried out during the period, 92pc were conducted through digital channels. The percentage for the same period during October-December 2024 was 88pc. The number of retail transactions went up by eight per cent from the previous quarter, while its value rose by seven per cent, reaching Rs167 trillion. The number of payments through the digital channel reached 3.1bn, amounting to Rs64tr, reflecting the growing adoption of digital payment methods across the economy. App-based payments Mobile app-based payments continued to dominate the digital landscape, with 2.6bn transactions conducted through apps offered by branchless banking ...