Only 3 percent of bank accounts in Pakistan have a balance of over Rs. 1 million. According to central bank data, over 70 percent of the commercial bank accounts contain deposits of less than Rs. 50,000, while 26 percent of accounts contain a balance between Rs. 50,000 and Rs. 1 million. Only 3 percent of the bank accounts have a balance over Rs. 1 million.

According to the State Bank of Pakistan’s (SBP) recently released Quarterly Payment Systems Review for the third quarter of FY25, digital payment channels processed 89 percent of all retail transactions by volume, with mobile app-based banking playing a crucial role.

Retail payment volumes rose by 12 percent to reach 2,408 million transactions, while the total transaction value was worth Rs. 164 trillion.