{"id":826,"date":"2015-06-05T13:24:48","date_gmt":"2015-06-05T08:24:48","guid":{"rendered":"https:\/\/smartchoice.pk\/blog\/?p=826"},"modified":"2016-08-04T11:26:22","modified_gmt":"2016-08-04T06:26:22","slug":"e-banking-continues-to-rise-in-pakistan","status":"publish","type":"post","link":"https:\/\/smartchoice.pk\/blog\/2015\/06\/e-banking-continues-to-rise-in-pakistan\/","title":{"rendered":"E-Banking Continues to Rise in Pakistan"},"content":{"rendered":"<p>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.<\/p>\n<p>The following infographic illustrate the details of the report:<br \/>\n<script id=\"infogram_0_e_bankingfy15_q3\" src=\"\/\/e.infogr.am\/js\/embed.js?agx\" type=\"text\/javascript\"><\/script><\/p>\n<div style=\"width: 100%; border-top: 1px solid #acacac; padding-top: 3px; font-family: Arial; font-size: 10px; text-align: center;\"><a style=\"color: #acacac; text-decoration: none;\" href=\"https:\/\/infogr.am\/e_bankingfy15_q3\" target=\"_blank\">E-Bankingfy15 (q3)<\/a> | <a style=\"color: #acacac; text-decoration: none;\" href=\"https:\/\/infogr.am\" target=\"_blank\">Create infographics<\/a><\/div>\n<p>&nbsp;<\/p>\n<p>Following is the excerpt\u00a0from SBP&#8217;s report:<\/p>\n<blockquote><p>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%.<br \/>\nDuring 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%.<br \/>\nDuring 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.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>According to latest E-Banking figures from State Bank of Pakistan, compiled in the Payment Systems statistics report for third quarter, [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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