Pakistan, July 2 -- In a major development, Pakistan registered a surge of 12 percent in digital transactions. According to the Pakistan Banking Association (PBA) 88 percent of payments are being made digitally.

The Pakistan Banking Association said that more transactions do not always mean more money. Pakistan Banks Association to hold key meetings on retail banking and the financial sector this year. It is pertinent to mention here that Pakistan's digital payments ecosystem continued its rapid expansion during the third quarter of FY26, with retail transactions conducted through formal banking and payment channels reaching 3.7 billion.

This marked a 9% quarter-on-quarter increase, according to the State Bank of Pakistan's (SBP) latest...