Payment methods in Pakistan
easypaisa and JazzCash are the two dominant mobile wallets, together accounting for the majority of mobile money transactions; both are telco-backed
Market takeaways
- easypaisa and JazzCash are the two dominant mobile wallets, together accounting for the majority of mobile money transactions; both are telco-backed
- Raast, launched by the State Bank of Pakistan in 2021, is a national instant payment system enabling real-time P2P and P2M transfers between any bank or mobile wallet
- Pakistan has a very large unbanked and underbanked population (~100M adults without formal bank accounts), making mobile wallets the primary entry point for financial services
- Credit and debit card penetration is among the lowest in Asia; most e-commerce is settled via mobile wallet or cash-on-delivery
- Cash-on-delivery (COD) remains the dominant e-commerce payment method, though mobile wallet checkout is growing as merchants integrate easypaisa and JazzCash APIs
Population
231M
Online population
88M
B2C e-commerce
$6.0B
Banked population
~21%
Credit card population
~2%
Payment method breakdown
- Cash (incl. COD)60%
- E-Wallet / Mobile Money25%
- Card8%
- Bank Transfer5%
- Other2%
Card scheme breakdown
Market data coming soon.
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Pakistan
Popular options based on coverage and prominence in this market.
Raast
Raast is Pakistan's national instant payment system, launched by the State Bank of Pakistan in January 2021. It enables real-time account-to-account transfers between any bank, microfinance institution, or mobile wallet provider in Pakistan. Raast underpins the interoperability layer connecting easypaisa, JazzCash, and bank accounts, and is central to Pakistan's financial inclusion strategy.
JazzCash
JazzCash is a mobile financial service operated by Jazz (formerly Mobilink/Veon), Pakistan's largest telecom operator. It competes directly with easypaisa and offers similar services including P2P transfers, merchant QR payments, bill payments, and a co-branded Mastercard debit card. JazzCash benefits from Jazz's extensive mobile subscriber base and agent network.
PayPak
Pakistan's domestic card scheme issued by member banks, usable at local ATMs, POS and e-commerce portals. Operator: 1LINK (Guarantee) Limited. Est. users: Tens of millions of cards (2025).
Easypaisa
Pakistan's pioneering mobile wallet, now a digital bank, accepted at online checkouts and for bill payments. Operator: Easypaisa Digital Bank (Telenor Microfinance Bank). Est. users: 100 million+ accounts (2025).
SadaPay
Pakistani electronic money institution offering a free numberless debit card and wallet usable online. Operator: SadaTech Pakistan (Pvt) Ltd (KuCoin-linked). Est. users: 1 million+ users (2024).
NayaPay
Pakistani EMI-licensed app providing a wallet and Visa/UnionPay card for online and in-app purchases. Operator: NayaPay (Pvt) Ltd. Est. users: 1 million+ users (2024).
Featured banks in Pakistan
Major institutions operating in this market.
Standard Chartered
London, United Kingdom
Standard Chartered is a British multinational bank focused on Asia, Africa, and the Middle East. Headquartered in London, it operates in over 50 markets providing corporate and retail banking.
Habib Bank Limited (HBL)
Karachi, Pakistan
HBL is Pakistan's largest bank by assets, offering retail, SME, corporate, and international banking in 25+ countries.
National Bank of Pakistan (NBP)
Karachi, Pakistan
NBP is Pakistan's state-owned bank and the country's second-largest bank, offering retail, corporate, and government banking.
MCB Bank Pakistan
Lahore, Pakistan
MCB Bank is one of Pakistan's leading private banks, offering retail, SME, and corporate banking.
Other Banks — Pakistan
Islamabad, Pakistan
Aggregate of remaining banks in Pakistan, collectively ~62.2% of domestic banking assets.
All banks in Pakistan
Showing 5 of 5 banks
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