Technology

Digital payments show robust growth

Digital payments show robust growth

The Annual Payment System Review (PSR) 2020-21, released by the State Bank of Pakistan (SBP) on Friday, revealed that digital financial transactions grew at a robust pace in Pakistan during the previous fiscal year (FY21). The number of transactions processed through Pakistan Real-time Inter-Bank Settlement Mechanism (PRISM) spiked 60% on a year-on-year basis in FY21 while there was an increase of 12.8% in value terms, the report showed.

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