ATM Nation? Real Value Grows, But Cash Still Reigns

ATM transaction values in Pakistan have more than tripled in nominal terms over five years, hitting ₨4.7 trillion in Q3 FY25.
But here’s the real picture:
📊 After adjusting for inflation, the actual growth is only 2x since FY20 — a sobering reminder that monetary expansion can mask behavioral inertia.
💡 91% of these transactions are still cash withdrawals, not deposits or digital transfers.
What it means:
Usage is growing, but not diversifying
The promise of digitization still hits a cash ceiling
The next leap will require not just infrastructure, but a shift in habits
📈 Full analysis powered by SBP data and Gallup Pakistan Digital Analytics:
https://lnkd.in/dVJC4QKd