A Detailed List of 12 Online Payment Gateways in Pakistan

Do you know that some of the best online payment gateways have 10 million active users from Pakistan? Since the pandemic, people have become more dependent on online transactions instead of hand-collecting money from each other. They are easy to use and, more importantly, reliable for Pakistanis. You may think that online shopping is very easy, right? Well, wait till you uncover what actually happens behind the scenes of these payment apps in Pakistan. In this guide, we will reveal how these payment gateways securely transfer funds and help you choose the best one for your needs.

What is a Payment Gateway?

A payment gateway is like a bridge between you and your online purchases, making sure the money safely transfers from your account to the merchant’s. Every industry depends on it, from shopping to passport payment online in Pakistan. It verifies, approves, and secures every transaction you make from anywhere around the world. These are not just those devices you see during shopping. It has online wallets in Pakistan that add up money into your pocket through the Internet.

How It Works

When you make a purchase, payment apps in Pakistan encrypt your data and send it to the bank for verification that whether you have enough funds or not. Once approved, the bank sends a confirmation message to your particular application to proceed with the payment. When you hit the confirmation button within a few minutes, the merchant receives that, and Voila! Your payment is complete. People earlier used to face difficulties in international money transfer, but now, through these online wallets, you can transfer and receive money from abroad in Pakistan.

Digital Payments Market Growth in Pakistan

Digital Payment apps in Pakistan have taken the spotlight in the financial landscape since last year. Later this year, about 83%, which means approximately 844 million retail payments, were processed by Banks in Pakistan. While the other 17% used on desk transactions. This table will break Pakistan’s digital payment trends for the year 2024:

Mobile Banking Transactions	For the first time in 2021, mobile banking transactions surpassed Rs.1 Trillion. As for payment methods in Pakistan, mobile banking is the most preferred option, accounting for 43% of digital transactions.
Point of sale Machine	As intent banking increases by 3% each month, store purchases through POS machines also grew, valuing 6% of the digital payment gateway in Pakistan.
RAAST payment	Raast, known as the online payment gateway in Pakistan, facilitates transactions and has built trust among people in a very short time. This year, RAAST has received 107Million transactions.
E-commerce	In other words, although the overall volume of money spent on e-commerce stores in Pakistan grew by 34% and equaled PKR 142 billion, the number of transactions (or sales) declined by 30. 1%. This means fewer consumers bought services, but when they did, they spent more money than before.

Overall, the digital payment trend in Pakistan is increasing daily as new international payment gateways in Pkaistan are introduced frequently, building more trust than the previous ones. This survey conducts the results of 2024, but it is expected to increase by 6% within the next year.

Best Payment Gateway for Ecommerce business in Pakistan

The E-commerce industry is still developing, and online payment gateways have been a blessing to businesses with e-commerce bargaining websites in Pakistan. It is a powerful tool used by sellers, allowing multiple payment methods for customers in Pakistan. It accepts payment activities like online shopping and bill payment, and in the case of e-businesses, they use credit/debit card payments. Also, e-commerce businesses mean when you book tickets or shop from any e-commerce website like Daraz or AliExpress. Here are some suitable payment methods in pakistan for e-commerce:

Payment Gateways Managed by Banks in Pakistan for E-commerce

One of the best international online payment gateways in Pakistan is through banks, as it is quick and secure. Here is a list of the best banks in Pakistan providing smooth transactions for e-commerce:

1. Habib Bank Limited

HBL’s online payment gateway is one of the leading solutions for e-commerce businesses in Pakistan. It provides a secure and reliable platform for merchants to accept payments through debit or credit cards. Habib Bank Limited works for any e-commerce business. Whether you have a shop or website, the bank is here to rescue you. The bank ensures that your sensitive data remains protected. As in e-commerce, merchants face so much fake news of cybersecurity attacks, but in this case, you will have access to every piece of information they have, which can be edited at any moment.

Features provided by HBL as Your Online Payment Gateway

It works for e-commerce merchants/Aggregators/PSO’s and PSP’s
Simple and Quicker payment integration
One for all Card schemes
HBL has special plugins that help merchants integrate faster and within a few hours on their e-commerce sites.
Card-based transactions are 3D-secured
Own personal merchant portal
The Bank provides multi-currency support

Pros and Cons

The Bank protects from Fraud.	OTP takes so much time
Smooth Money Transaction: no unusual information is required	Charges for some specific features are higher

2.Bank Alfalah Limited

Bank Alfalah offers international online payment methods in Pakistan. It is the smartest and most innovative bank, providing a smooth online payment gateway. Any business in Pakistan can sign up for their merchant portal, which creates an account instantly online. It allows merchants to accept money from anywhere in the world. They provide a secure and easy method of transactions. Right now, it charges some amount for corporate merchants but it is expected free banking to be implemented soon in Pakistan.

Features provided by Bank Alfalah as Your Online Payment Gateway

Instant Account Creation
Ideal for small businesses
PKR500,000 monthly volume
Applicable to Sole proprietors
Online management of refunds and chargebacks
Merchant financing is available
Pay By Link feature, which is ideal for e-commerce websites
Charges are exclusive of FED

Pros and Cons

No extra fee	Customer support is average
Multi-currency option	The website is very slow to use

3. MCB Bank Limited

MCB Bank provides the best online payment gateway in Pakistan. Many of the e-commerce businesses in Pkaistan are connected through the MCB Payment solutions. Their technology is safe to use and prevents merchants from making fake payments. They have a merchant portal on which you can sign up your business at any time. MCB exclusive offers are activated on merchant cards by which they can enjoy multiple discounts. Through the merchant portal, you can purchase anything online, which makes your shopping experience easy and safe.

Features provided by MCB as Your Online Payment Gateway

Complaint services for maximum security
Quick and smooth integration process
The merchant portal has every minor detail on it.
Fraud Risk management team ensures security.
Transaction within a few minutes
Customer support is open for 24 hours.

Pros and Cons

Advanced Security	The website’s performance is average
Secure payer authentication	Customer support is not always active

4. United Bank Limited

United Bank Limited is an exceptional online payment gateway solution for Pakistanis. Its digital payment services are held by Etisalat UAE, which is 100% secure and reliable. It also facilitates passport payment online through app in Pakistan. Through UBL digital payment, vendors can easily send and receive payments under well maintained and secured integration. UBL has over 40,000 customers and 20% of them are availing their online payment gateways in Pakistan.

Features provided by UBL as Your Online Payment Gateway

PCI DSS secured platform
Saves merchants from liability
Active fraud guards
Credit/Debit cards with other bank account direct debit
Safe and Secure payment experience
Secured via 3D Tokenization
E-invoice processing

Comparison of Banking Gateway Charges in Pakistan

Banks	HBL	Alfalah	MCB	UBL
Setup Fee	Rs.40,000/-	Rs.20,000	Rs.50,000	Rs.40,000
Fee Per Year	Rs.40,000-	Rs.40,000	Rs.48,000	Rs.50,000
Transaction Fee	None	None	Rs.15/-	None
Merchant Discount Rate	2.5%	2.5%	2.8%	3.5%
Settlement Period	14 Working Days	2 Business Days	——	10 Business Days

Best Payment Gateways in Pakistan – Fin-Tech Companies

Due to additional charges, people opt for something other than banks; they look for secure Fintech companies that provide online payment gateways in Pakistan. Just like back these companies are reliable and access secure payment transfers. Here is a list of some fintech companies that can become your best payment gateway option in Pakistan:

5.JazzCash

JazzCash is Pakistan’s oldest and most reliable online wallet. It has 10 million active users. The application is easy to navigate and provides a smooth and quick transaction process. This FinTech online payment gateway method in Pakistan is managed by the telecommunication company Jazz. Along with 4G services in Pakistan, the company is succeeding in becoming a smart solution for the e-commerce industry in Pakistan. The application uses CNIC and OTP verifications for transferring money to maintain security.

It offers various options for businesses to maximize secure transactions for their credit/debit card services.

Features

Online Payment
Loan Requirements
Mobile Account
Card Options
Insurance
Saving Plans

Pros and Cons

The app is very easy to use	Sometimes shows errors in the transaction
No need for additional accounts	Fingerprint sensors are slow

6. Payoneer

Payoneer is popular and one of the best international payment gateway in Pakistan, from supporting freelancing platforms Fiver, Upwork, and Freelancer. Payoneer has made its way into the e-commerce industry of pakistan as a reliable payment gateway solution. Along with top successful pakistani entrepreneurs, freelancers opt for Payoneer, too. Like other countries that use PayPal, Payoneer in Pakistan serves as an alternative for it.

Features

Transfer through phone
Online Transfers
Withdrawal Options
Credit Card is accepted
Supports every international payment option

Pros and Cons

Transaction fee is reasonable.	The annual fee is high
Funds can be transferred to any bank	———

7. Easypaisa

Telenor launched Easypaisa in 2011, and it’s now one of the most reliable payment apps in Pakistan. The wallet is easy to use and has multiple options to transfer money to any bank. Easypaisa is linked with your phone numbers which makes it quite a secure option for payment methods. Recently, easypaisa has launched in-app biometric verification process for merchants. Easypaisa is used by most of the e-commerce industry in Pakistan, including Daraz, Bykea, Careem, Uber, and many other.

Features

Cash Management
Online Transfers
Supply Chain Payment
Business Payments
Salaries Payments
Loan Requirements
Bill Payment
Mobile Top-ups

Pros and Cons

App is easy to use	The app gives weird errors
Transaction fee is reasonable	App takes time to open its interface

8. FonePay

FonePay is a newly introduced international payment method in Pakistan. It provides every financial service to its customers. MasterCard powers the fintech company, which allows transactions anytime and anywhere. Most of the banks in Pkaistan are associated with Fonepay, providing smooth cashflow management for any business. Through this online wallet in Pakistan, consumers can pay for any service or product.

Features

Payment Details
Initiating Refunds
Static QR codes
Accepting payment from anywhere
Customer-presented QR codes for security

Pros and Cons

Well maintained security	Application gives errors sometimes
Only uses the mobile number for the transaction process	User experience is average

9. Keenu Wallet

Keenu Wallet is famous for its secure online payment methods in Pakistan. The wallet is easy to use and reliable for transactions from any bank in Pakistan. About 50,000 merchants use the app for online payments. They have multiple options for debit/credit cards and more. The wallet is superior in user experience and right now has high success rates among fintech companies in Pakistan.

Features

Bill Payment
Sharing money
Mobile top-ups
Pay for anything through the app
Special discounts at stores
Easy sign-up process

Pros and Cons

Cashback	App is slow sometimes
User friendly	Discounts are given only on big transactions

10. Xpay

Xpay is a secure payment gateway in Pakistan with multiple features and security. Unlike that in-depth information, it has a simple registration process for merchants. These payment gateways work all around Pakistan and can be used for any sales channel.

Features

Receive International Payments
Process Credit and Debit cards
Low transaction cost
Daily automatic batch
Keeps track of invoices

Pros and Cons

Extreme security	Extra costs
International payment gateway	—–

11. SadaPay

SadaPay is one of the best payment gateway methods in Pakistan. It is perfect for transferring money from anywhere. The SadaPay card can be used on any website around the globe that accepts MasterCard as a method of payment. This virtual wallet requires an account setup, which is quite easy. A physical card can be ordered without any registration fees. For international transactions, enable the option from your account in the app and place orders. The virtual debit card can be used instantaneously after account opening.

Features

No Monthly Fees
Instant sign-up process
Sadapay debit card is useful
Free International payments
Low FX Charges
Easy Fund transfers

Pros and Cons

No monthly fees	Limited international payments
24/7 customer support	Limited features

12. TransferWise

Transwire is the cheapest and one of the best payment gateway for shopify in pakistan. It is quite cheaper than the other fintech companies. Through your TransferWise account, holding multiple currencies is completely free. It provides real exchange rates. Payments can be received in 10 different currencies.

Features

International Money transfer
Debit card
Large amount transfer is easy

Pros and Cons

Low foreign exchange charges	Not quite recognized in Pakistan
Easy and secure transaction	Lack of some advanced features

Comparison of Fintech Companies Charges in Pakistan

Companies	JazzCash	Payoneer	Easypaisa	FonePay	Keenu Wallet	Xpay
Payment Limits	Rs.50,000	No limit	Rs.25,000	Depends on certain features	Rs.100,000	No limit
Annual Fee	No	$29.95/year	No	No	No	No
Transaction Charges	0.2%	2%	1.5%	2%	1.5%	2%
Merchant Discount rate	2-3%	3%	3%	2%	3%	1.5%

Which payment method is best in Pakistan for Shopify?

Now you may ask, what is the best payment gateway for shopify in Pkaistan? Well, I know many people are curious about shopify payments as Paypal is not supported in pakistan. There is a solution to every problem, as PayPal’s alternative in Pakistan is Xpay. It is the smartest and best payment gateway in Pakistan. Providing numerous features to merchants, it can control all of your payments from your shopify store in Pakistan. Its payment solution is PCI-DSS certified, meaning no information leak or quick fraud alerts. Apart from Xpay, you can also select a payment gateway for shopify of your own choice. Just make sure to stay away from fraud and insecure payments.

How to Choose the Best Payment Gateway for Your Business

Choosing the right Online payment gateway in Pakistan can be quite a complex decision as you have to calculate some main factors for transactions. It also depends on your business type. The right payment gateway must align with your business model and the nature of the services you are providing. Here are some factors that you must consider before selecting a payment gateway for your business.

Transaction Fees

Most of the online payment gateways in Pkaistan charge transaction fees, which depend upon your business’s revenue. First, observe your profit margins and evaluate them so that they don’t clash with your overall business revenue.

Payment Methods

First, conduct research on your target audience to determine which type of payment method is easy for them. If your market has different currencies, most people are comfortable with credit and debit cards or other international payment methods. Smooth payment methods are necessary for more sales.

Security

Always make sure that the app you are using is integrated with PCI-DSS and has advanced security when receiving and delivering payments.

Integration

The payment gateway you choose, make sure it integrates with your e-commerce platforms or any other system that you are using. Integrating means an all-in-one payment provider. The app should configure every payment technology in one place. From merchant accounts to fraud detection, it should contain every feature.

Global Transactions

Choose a payment gateway that supports multiple currencies. Also, ensure that international payment charges are appropriate for your target audience.

Conclusion

In today’s digital world, online payments have become essential to online businesses in Pakistan. Imagine that you run a successful business, but customers face difficulties in paying you because they all desire to pay through one click. This is where payment gateways can save your backs. They ensure security and a smooth transaction process with multiple features in one place.