Pakistan’s digital banking landscape is witnessing remarkable growth as the number and value of electronic transactions continue to surge across the country.
According to the latest banking data, a record 6.2 billion transactions were processed through banking apps, branch banking applications, and e-money wallets in the past year — highlighting the nation’s rapid shift toward cashless payments.
Officials reported that the Rast instant payment system has seen a twofold increase in both transaction volume and value. The introduction of the Rast Person-to-Merchant (P2M) service has been hailed as a revolutionary step, making digital payments easier for businesses and customers alike.
With the expansion of the point-of-sale (POS) network, one million payments are now being made daily, indicating growing consumer confidence in digital financial services.
The physical banking infrastructure has also seen steady improvement. The number of ATM machines across Pakistan has increased by 7 percent, reaching 20,341 units nationwide. On average, each ATM processes around 140 transactions per day, reflecting consistent demand for both digital and cash-based services.
Banking experts say these developments mark a significant milestone in Pakistan’s digital transformation, supported by the State Bank of Pakistan’s efforts to promote financial inclusion and innovation. As more Pakistanis adopt mobile and online banking, the country moves closer to a modern, connected economy driven by secure and efficient digital payment systems.