Pakistan’s digital payments landscape expanded at a significant pace through 2025, with the State Bank of Pakistan’s instant payment system RAAST recording nearly Rs50 trillion in total transactions during the year, according to the central bank’s Financial Stability Review for 2025. The figures represent a substantial milestone for a system that was designed to make real-time digital transfers accessible to individuals and businesses across the country, and the data points to a meaningful shift in how Pakistanis are choosing to move money as confidence in digital financial channels continues to grow.
RAAST’s registered user base reached 48 million individuals by the end of 2025, reflecting the depth of adoption the platform has achieved since its rollout began. During the year, the system processed almost two billion transactions, as both consumers and businesses increased their reliance on digital financial services for everyday payments, transfers, and commercial settlements. The scale of activity on the platform underlines how rapidly instant payment infrastructure can be adopted when accessibility and ease of use are prioritized, with RAAST having been made available through a wide range of banks and digital wallets to ensure it is not limited to customers of any single financial institution.
The State Bank of Pakistan’s Financial Stability Review also highlighted growing participation by overseas Pakistanis in the country’s formal financial system. Total inflows through Roshan Digital Accounts crossed $11 billion, while the number of active accounts exceeded 890,000, indicating that the initiative to bring non-resident Pakistanis into the banking ecosystem through purpose-built digital account structures has continued to gain traction. The State Bank described digitalization as a key driver transforming Pakistan’s financial ecosystem, noting its role in expanding access to formal banking channels for segments of the population that have historically remained outside the mainstream financial system. Taken together, the RAAST transaction figures and the Roshan Digital Account growth paint a picture of a financial sector that is moving meaningfully toward digital infrastructure as the primary medium for both domestic and cross-border financial activity.
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