Retail transactions hit Rs164tr in 3QFY25

Retail payment volumes rose by 12 per cent year-on-year to 2,408 million transactions in the third quarter of FY25, while the overall transaction value increased by 8pc to Rs164 trillion, according to the State Bank of Pakistan. In its third Quarterly Payment System Review released on Wednesday, the SBP noted that digital channels accounted for 89pc of all retail transactions, reflecting the ongoing shift towards a more cashless economy. Mobile app-based platforms — including mobile banking apps, branchless banking (BB) wallets, and e-money wallets — collectively processed 1,686m transactions worth Rs27tr. This marked a 16pc growth in volume and a 22pc rise in value compared to the previous quarter.