SBP attributes boost in digital payments to increase in customers using such channels due to their convenience. In a rather positive development on the economic indicators’ front, the share of digital payments in the country has witnessed a notable increase of 8% to stand at 84% — from the previous 76% — in the fiscal year 2024 (FY24)
The data from the State Bank of Pakistan (SBP) shows that the volume and value of retail payments in the country increased by 35%.