Raast, the State Bank of Pakistan's instant-payment system, is one of the fastest-growing payment rails anywhere. PakDataHub carries its quarterly figures from the SBP's Payment Systems Review.
The growth
| Quarter ending | Total value (Rs bn) | Total volume (mn txns) |
|---|---|---|
| Dec 2023 | 2,320.5 | 107.1 |
| Dec 2024 | 6,364.0 | 295.7 |
| Dec 2025 | 18,469.2 | 645.7 |
| Mar 2026 | 23,267.4 | 742.1 |
That's 10× the value in nine quarters.
- P2P (person to person) is the bulk of it: Rs 18,884 bn across 664 million transfers in Q1 2026, which averages out to about Rs 28,400 per transfer.
- P2M (person to merchant) is the one to watch: Rs 0.1 bn in Q1 2024, Rs 319.6 bn in Q1 2026, and 55.9 million transactions.
- Bulk (salaries and payouts): Rs 63 bn to Rs 4,064 bn over the same period.
Get the series
curl -H "X-API-Key: pk_live_xxx" \
"https://api.pakdatahub.com/v1/series/payments.raast.total.value?sort=asc"
| Id | What |
|---|---|
payments.raast.total.value / .volume |
All Raast (value in Rs bn, volume in millions) |
payments.raast.p2p.value / .volume |
Person to person |
payments.raast.p2m.value / .volume |
Person to merchant |
payments.raast.bulk.value / .volume |
Bulk |
Growth rates, computed server-side:
curl -H "X-API-Key: pk_live_xxx" \
"https://api.pakdatahub.com/v1/series/payments.raast.p2m.volume?transform=pct_change&sort=asc"
The rest of the payments picture
Cards (payments.cards.debit, payments.cards.credit), POS and QR merchants (payments.pos_merchants, payments.qr_merchants), mobile and internet banking users, and transactions by channel. See the payments dataset guide and the startup market-sizing use case.