Pakistan

A rapidly evolving digital payments market shaped by innovation and inclusion

Overview

Pakistan’s payments landscape is undergoing a major digital shift fuelled by government-backed initiatives, fintech innovation, and the growing reach of smartphones and 4G networks

While cash and bank transfers still dominate, mobile wallets and digital banking services are transforming how consumers and businesses transact

The State Bank of Pakistan’s Raast system has introduced instant low-cost digital payments, supporting interoperability and inclusion across financial institutions

Key Characteristics

Strong government support for financial inclusion and digitization through programs like Digital Pakistan and Raast

Widespread use of mobile wallets and branchless banking driven by telecom operators such as Easypaisa and JazzCash

Rapid adoption of e-commerce and QR payments in urban areas

A large unbanked population offering significant growth potential for fintechs and banks alike

Supported Payment Methods

Raast instant payment system

Mobile wallets including Easypaisa, JazzCash, NayaPay

Credit and debit cards: Visa, Mastercard, UnionPay

Bank transfers and bill payments

QR-based and USSD mobile payments for rural access

Key Providers

Leading payment players include Easypaisa, JazzCash, NayaPay, Sadapay, and major banks such as HBL and UBL

International networks Visa, Mastercard, and UnionPay provide card infrastructure and cross-border capabilities

Regulation and Compliance

The State Bank of Pakistan (SBP) regulates the payments sector, promoting innovation under a strong compliance and security framework

Licensing for Electronic Money Institutions (EMIs), interoperability mandates, and cybersecurity standards ensure safe and inclusive growth

Want to know more about payments in Pakistan?

Contact Bizz2Pay today to discuss your requirements or get introduced to the right Payment Provider covering the most popular payment methods offered in Pakistan