State Bank of Pakistan (SBP) Governor Jameel Ahmad revealed that transactions worth Rs612 trillion were recorded during fiscal year 2025, with 77% conducted at branch level.
The SBP governor emphasized that the private sector is increasingly adopting the Raast digital payment system. He noted that 15 more banks are expected to integrate into the platform soon, further boosting digital financial services across Pakistan.
Jameel Ahmad urged the Pakistan Banking Association to play an active role in this digital transition. He highlighted the importance of strengthening public trust in financial technology and digital payments.
“Even a single cyber fraud incident can undermine customer trust,” the SBP governor warned, stressing that banks must invest in advanced and secure technologies. He also pointed to the rise of artificial intelligence in the financial sector, underlining the need to protect consumer privacy and maintain confidence in Pakistan’s digital ecosystem.
Earlier, the State Bank of Pakistan, in its Annual Review of Payment Systems, reported a 38% increase in retail payment volumes during fiscal year 2024–25. This growth is attributed to strong adoption of digital channels, which now account for 88% of all retail transactions.
The Raast instant payment platform saw more than a twofold increase in transaction volume and value. Similarly, PRISM+, the upgraded real-time gross settlement (RTGS) system for large-value payments, recorded double-digit growth during the year.
The SBP governor highlighted that regulatory initiatives, improved digital infrastructure, and greater consumer adoption of mobile and internet banking platforms contributed to this rapid expansion.
Jameel Ahmad concluded that the central bank remains committed to enhancing cybersecurity, ensuring safe and reliable transactions, and promoting the wider adoption of digital financial services across the country.
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