Tag: fintech growth Pakistan

State Bank of Pakistan reports that 93 percent of online purchases in FY25 were made via digital wallets and accounts, highlighting major acceleration in fintech adoption and mobile-based payments, with strong growth across e-commerce, POS, and QR-code transactions.

Swich has become the first homegrown payment facilitator to power digital payments at Khaadi Corporation, enabling multiple payment options and advancing Pakistan’s fintech-driven retail transformation.

Pakistan has set ambitious targets under the Prime Minister’s Cashless Economy initiative, including expanding digital merchants, boosting mobile banking users, and routing all remittances through digital channels. The State Bank of Pakistan is set to play a central role in accelerating digital wallet adoption and advancing a cashless economy.

Telenor Pakistan, Invest2Innovate, and the Special Technology Zones Authority have launched a collaborative policy brief aimed at closing Pakistan’s startup funding gap through regulatory reform, capital access, and ecosystem development.