Banking in Pakistan through digital channels posted strong growth during July to September 2020 in COVID. This was reported in the State Bank of Pakistan (SBP) Quarterly Payment System Review (QPSR).
According to the review, the number of registered Mobile Phone Banking users reached 8.9 million, up 41% over Q1-FY20. The number of internet users of bank websites reached 4.3 million with a growth of 26% over the same period. Mobile banking transactions increased to 36.4 million amounting to Rs. 908.7 billion, up 139% by volume and 211%. Internet banking transactions increased to 18.9 million, valuing Rs. 1.1 trillion during Q1FY21, registering a growth of 55% in volume and 89% in value.
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