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E-banking in Pakistan continues steady growth

By IANS | Updated: June 17, 2022 11:05 IST

Islamabad, June 17 The State Bank of Pakistan (SBP) said the country's e-banking sector kept on showing a ...

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Islamabad, June 17 The State Bank of Pakistan (SBP) said the country's e-banking sector kept on showing a steady growth trend in the third quarter of the current fiscal year.

The Pakistani central bank's payment system review, covering January-March 2022, "presents an overall viewpoint of growing digital adoption in the country as SBP continues to promote robust and efficient payments ecosystem in the country", Xinhua news agency quoted the SBP as saying in a report.

The report said that customers' inclination towards the use of e-banking continued to rise as shown in both volume and value of transactions.

Total e-banking transactions witnessed a growth of 2.6 per cent in volume and 6.5 per cent in value on a quarter-on-quarter basis, the SBP said.

The e-banking involves transactions conducted via electronic channels including real-time online branches, ATMs, mobile banking, Internet banking, call center banking, POS (point-of-sale), and e-commerce.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: pakistanislamabadXinhuaState BankDhs punjab
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