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KARACHI June 25,2026: According to the report, Pakistan processed 3.7 billion retail payment transactions worth Rs168.8 trillion through formal banking and payment channels between January and March 2026. Notably, digital channels accounted for 92 percent of all transactions. Overall transaction volume increased by 9 percent compared to the previous quarter.
Meanwhile, digital payment channels processed 3.4 billion transactions valued at Rs68 trillion, reflecting the growing preference for cashless payment methods. Mobile banking apps remained the most popular channel, handling 2.9 billion transactions worth Rs42 trillion. These transactions supported person-to-person transfers, bill payments, and merchant payments across online and retail platforms. In addition, internet banking continued to gain traction, with transaction volume rising 5 percent and value increasing 19 percent during the quarter.
Furthermore, the Raast Instant Payment System maintained strong momentum. It processed 742.1 million transactions worth Rs23.3 trillion during the quarter. Person-to-person (P2P) payments reached 664 million transactions valued at Rs18.9 trillion, marking a 10 percent increase. At the same time, Raast person-to-merchant (P2M) transactions jumped to 55.9 million, up significantly from 36.3 million in the previous quarter.
On the branch banking side, 20,232 bank branches and 819,397 banking agents continued to provide over-the-counter services, including cash deposits, withdrawals, fund transfers, and bill payments. Bank branches processed 128 million transactions worth Rs99.5 trillion, while banking agents handled 155 million transactions amounting to Rs1.1 trillion.
Overall, the latest figures underline Pakistan’s rapid shift toward a more inclusive, efficient, and digitally driven payments landscape, supported by increasing adoption of mobile banking and instant payment solutions.
