Digital payment channels processed 92 percent of all retail transactions by volume.
According to the State Bank of Pakistan’s (SBP) recently released Quarterly Payment Systems Review for the second quarter of FY26, digital payments in Pakistan continued their upward trajectory during Q2-FY26, with a substantial increase in both transaction volume and value.
During the period October to December of 2025 (Q2-FY26), retail payments grew by 8 percent to 3.4 billion, amounting to Rs. 167 trillion. The share of retail payments through digital payment channels has increased to 92 percent compared to 88 percent in the same quarter last year (Q2-FY25).
By value, the share of digital payments has also increased, which now stands at around 38 percent.
During the period under review, retail transactions by volume were largely driven by 1,584.9 million fund transfer transactions, followed by 500.9 million merchant payments, 359.1 million bill payments and mobile top-ups, 319.5 million cash withdrawals through ATMs, branches, and agents, and 71.8 million cash deposits.
A similar pattern is observed in terms of value, where fund transfers account for the largest share, amounting to Rs. 121 trillion. This is followed by cash withdrawals and cash/instrument deposits, which together constitute transactions worth approximately Rs. 30 trillion.