KARACHI – Retail transactions in Pakistan surged to Rs164 trillion during the third quarter of the fiscal year 2024–25, reflecting an 8 percent year-on-year increase, according to data released by the State Bank of Pakistan (SBP).
In terms of volume, retail transactions rose by 12 percent, reaching 2.408 billion transactions, signalling a robust shift toward digital payment platforms and increased economic activity across various consumer segments.
According to the SBP, the growth was largely driven by the increased adoption of mobile banking, internet banking, and digital wallets, which have become more accessible to the public due to policy reforms, infrastructure improvements, and fintech innovations.
Analysts attribute this rise to changing consumer behaviour, spurred by ease of use, rapid smartphone penetration, and the expansion of online marketplaces and service providers. The government’s recent push to encourage cashless transactions and expand financial inclusion has also contributed to the positive trend.
However, financial experts note that continued growth in digital payments must be supported by strong cybersecurity protocols, user trust, and broader internet access, especially in underdeveloped regions.
The SBP has reiterated its commitment to modernizing Pakistan’s financial ecosystem and strengthening the regulatory framework to support safe, efficient, and inclusive digital financial services.
The figures for the final quarter of FY25 are expected to build further on this momentum, as both public and private sectors continue to digitize operations and retail channels.
Reported by PakTribune Business Desk
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