The State Bank of Pakistan published its Annual Payment Systems Review for FY26 on 6 October 2026. Retail payments through formal banking channels reached 14.3 billion transactions in FY26, year-on-year growth of 58 percent in volume. The review puts the year's retail payment value at Rs 673 trillion, 10 percent above FY25.
Digital channels carried 13.2 billion of those transactions, year-on-year growth of 65 percent. Mobile phone-based solutions led digital transactions with over 11.1 billion payments, up 79 percent, while the digital share of retail volume rose to 92 percent from 88 percent in FY25. The POS network expanded to 337,791 terminals across 295,367 merchant locations.
Raast, the State Bank's instant payment system, processed 742 million transactions worth Rs 23.27 trillion in the third quarter of FY26, according to TechX Pakistan.