Tag: online transactions Pakistan

Pakistan’s Digital Payment Growth Surges Despite Nation’s Deep Reliance on Cash

Pakistan is witnessing rapid growth in digital payments, yet widespread reliance on cash continues to limit nationwide adoption. Despite government initiatives and rising usage among younger consumers, challenges such as low awareness, security concerns, and inconsistent merchant adoption remain major hurdles.

E-Wallets Dominate Pakistan’s Online Commerce as 93% of Digital Purchases Shift to Account-Based Payments in FY25

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.