Electronic-banking transactions in Pakistan for the period October – December 2020, increased 22% to Rs. 21.4 trillion. In this period, 296.7 million e-banking transactions were carried out, registering a growth of 24% percent by volume.
“In the last few years, digital payment transactions in Pakistan have shown significant growth, reflecting the favourable impact of the SBP’s policies in shifting customer preferences,” the SBP said.
The State Bank of Pakistan said in its Quarterly Payment System Review (QPSR), “Expansion in digital payment infrastructure as well as the emergence of new payment aggregators has played a role in this growth. In line with its declared objectives to digitize payment and financial services, SBP will continue promoting digitization in the country and expects the industry to support these efforts, which will increase convenience and financial inclusion for all Pakistanis.”
A break up of the e-banking transactions is, mobile banking transactions increased 147% to reach 44 million (last: 17.8 million) – the value traded increased 192% to reach Rs. 1.12 trillion (Rs. 382.5 billion).
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