ISLAMABAD

Pakistan’s digital payments system Raast has crossed a major milestone, processing nearly Rs50 trillion in transactions during 2025, signaling a rapid shift toward a cashless economy.

According to the State Bank of Pakistan, the surge reflects growing public and business reliance on instant digital payments, with the platform handling close to two billion transactions خلال the year.

The user base of Raast expanded to around 48 million individuals, highlighting widespread adoption across the country as digital financial services become more accessible.

Officials say the growth is being driven by convenience, speed, and increased financial inclusion, as more Pakistanis shift away from traditional cash-based transactions toward mobile and online payments.

The central bank described digitalization as a key force transforming Pakistan’s financial ecosystem, helping bring more people into formal banking channels while improving transparency and efficiency.

Analysts say the milestone underscores a broader structural shift in the economy, with digital payments expected to play a central role in future financial growth, e-commerce expansion, and documentation of the economy.