Digital Potential in Pakistan

Global growth is increasingly derived from the technological advancement. Information and Communication Technology (ICT) sector is one of the key avenues for entrepreneurial ventures and job creation in both developed and developing economies. Pakistan is no exception. The digital entrepreneurship ecosystem has gained traction in the country in the past decade. It is showcasing potential in innovation, and growing commercial viability is attracting conventional capital in it.

With a population of over 200 million, Pakistan has 167 million cellular and 83 million broadband subscriptions. It has one of the highest rates of mobile penetration in South Asia at nearly 74 percent due to the availability of cheap smartphones and the relatively low cost of 3G/4G services. The digital infrastructure penetration is making financial inclusion possible for a large pool of population that has traditionally remained out of the formal financial system. There are around 200,000 active mobile banking agents and 18-19 million digital wallets, as per the latest State Bank of Pakistan (SBP) data.

Digitisation of Payments
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