Research & Analysis

Technology Program Country Note: Pakistan

Although Pakistan’s population exceeds 170 million,it is estimated that there are only 16 million individual bank accounts, meaning that the vast majority of the population is without access to banking services. Access challenges are particularly acute in rural areas, where there are fewer than 2,500 branches for a population of 105 million people—or an average of 42,000 inhabitants per branch.In contrast, the number of mobile telephone customers exceeds 97 million.In Pakistan, a dynamic telecommunications sector and permissive regulator have laid the foundation for an emerging branchless banking sector.