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BankingGeneral

E-Banking Continues to Rise in Pakistan

Wasio Abbasi
June 05, 2015

According to latest E-Banking figures from State Bank of Pakistan, compiled in the Payment Systems statistics report for third quarter, there has been rise in the use of E-Banking technologies and both number and value of transactions continue to increase.

The following infographic illustrate the details of the report:

 

Following is the excerpt from SBP’s report:

During the third quarter of FY15, Pakistan Realtime Interbank Settlement Mechanism (PRISM) settled 198,250 transactions of value Rs.51.5 Trillion showing an increase of 5.0% and 21% in volume and value respectively compared to second quarter of FY15. The major share in increase of number of PRISM transactions was contributed by Interbank Funds Transfer which increased by almost 6% while increase in value of PRISM transactions was contributed by securities settlement which increased by almost 45%.
During the third quarter of FY15, the volume and value of Internet Banking transactions showed an increase of 10% and 6% respectively. The volume and value of Point of Sale (POS) transactions has declined slightly by 1.4% and 3.0% compared to last quarter. The volume of Mobile Banking transactions has decreased by 15% while its value increased by 14% as compared to the previous quarter of FY15. Similarly, Automated Teller Machine (ATM) transactions showed a growth of 2% in volume and 6% in value as compared to last quarter of FY15. The volume of Real Time Online Banking (RTOB) transactions showed a growth of over 6% while its value showed a slight decrease of 0.8% compared to second quarter of FY15. Non financial transactions1, during the third quarter of FY15 showed a growth of over 4%.
During the third quarter of current fiscal year, the network of ATMs continued to show a growth of 3.3% reaching to 9,312. During this quarter, 2,341 Point of Sale (POS) machines were installed by banks showing a growth of 7% as compared to second quarter of FY15. The number of cards issued by banks has also increased by 2% reaching the total of 26.5 Million by the end of the quarter under review. During the current quarter, registered users of Internet, Mobile and Call Centre banking showed a growth of 5.9% reaching to 19.7 Million by the end of third quarter of FY15.

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