巴央行：数字支付保持增长

Core Insights - The State Bank of Pakistan has released the "2024-2025 Fiscal Year Payment System Annual Assessment," highlighting the successful digital transformation of the country's payment system, with growth in retail payment transactions, payment infrastructure, and large-value payment transactions [1] Group 1: Retail Payment Transactions - In the 2024-2025 fiscal year, Pakistan completed a total of 9.09 billion payment transactions, with a total transaction value of approximately $6.482 trillion [1] - Retail payment transactions increased to 9.08 billion, representing a year-on-year growth of 38%, with a transaction value of $2.142 trillion, up 12% year-on-year [1] - Digital channel transactions accounted for about 8 billion, increasing its share from 85% to 88%, with a transaction value of $626.5 billion, making up 30% of the total retail payment transaction value [1] Group 2: Payment Infrastructure - The Raast system, Pakistan's first real-time payment system, has 45 million registered accounts and processed 1.276 billion transactions in the 2024-2025 fiscal year, a 157% increase, with transaction value rising from $40.495 billion to $103.46 billion [2] - Seventeen banks, holding 97% market share, have integrated Raast's bulk payment functionality for corporate payments and salary disbursements [2] - The number of merchants supporting QR code payments doubled from 520,000 to nearly 1.1 million, with over 830,000 using Raast system QR codes for payments [2] Group 3: Large-Value Payment Transactions - The Pakistan Real-time Interbank Settlement Mechanism (PRISM) processed a total transaction value of $4.34 trillion in the 2024-2025 fiscal year, approximately 11 times the country's GDP [2] - Of the total transactions processed by PRISM, 72.5% were government securities settlements, 25.2% were fund transfers, and 2.3% were auxiliary settlements [2] Group 4: Future Opportunities - Despite the progress, the digital payment sector in Pakistan has significant room for improvement, with digital payments only accounting for 30% of total retail payment value, primarily concentrated in urban areas [3] - Rural and remote areas still rely heavily on bank branches or non-bank agents for counter transactions, indicating a need for enhanced infrastructure, financial literacy, and optimized regulatory frameworks to foster a healthy digital payment ecosystem [3]