Banks’s customers in Pakistan performed 309.5 million e-transactions

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Banks’s customers in Pakistan performed 309.5 million e-transactions
Banks’s customers in Pakistan performed 309.5 million e-transactions
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According to the Quarterly Payment System Review of the State Bank of Pakistan, During the three-month period between January and March 2021, bank customers performed 309.5 million e-Banking transactions, valuing Rs22.5 trillion and registering growth rates of 31 percent by volume and 29 percent by value over the same quarter last year, reported Business Recorder.
“Most of the uptake in e-banking transactions was seen in internet banking and mobile banking transactions,” stated the SBP.
The volume of mobile banking transactions reached 51.7 million, (up 144 percent) valuing Rs1.3 trillion (up 178 percent) compared to 21.2 million transactions valuing 467.5 billion in the same quarter last year. The number of registered mobile phone banking users reached 9.8 million showing an increase of 20% from the same period last year.
Similarly, 24.5 million internet banking transactions valuing Rs1.5 trillion were recorded during this period compared to Rs0.75 trillion in the same quarter last year, registering a growth of 74% by volume and 109% by value.

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