Rapid growth in digital payments trend in Pakistan

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Rapid growth in digital payments trend in Pakistan

The movement of digital prices is increasing rapidly in Pakistan.

According to the report issued by Pakistan Telecom Authority (PTA), mobile banking accounts have increased by 148% in 3 years, after which the number of mobile banking accounts has reached 88.5 million

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The PTA report states that online banking increased by 32% in 2021-22. Pakistanis did 10.6 trillion online transactions in the year 2021-22.

According to the PTA report, the number of e-commerce retailers in Pakistan increased by 76 percent, after which the number of e-commerce retailers reached 4,445.

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The PTA report further states that the number of e-wallet assets across the country has increased to more than 637,000. App-based mobile banking transactions have increased by 9 crores in three years.

According to the PTA report, 93 percent of households in Pakistan have a personal mobile phone.

According to the PTA report, 93 percent of households in Pakistan have a personal mobile phone.