City
Epaper

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 ...

Open in App

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
Open in App

Related Stories

LifestyleEid-e-Milad-un-Nabi 2025 Date in Pakistan: Will Eid-e-Milad Be Celebrated on September 5 or 6?

CricketWhy Is ICC Hosting Women’s ODI World Cup 2025 in Navi Mumbai Instead of Bengaluru? DY Patil to Host 5 Matches

InternationalPakistan Floods: Death Toll Crosses 300 as Torrential Rains Cause Widespread Destruction

NationalIndependence Day 2025: "India Won't Tolerate Nuclear Blackmail," PM Modi’s Strong Message to Pakistan from Red Fort (VIDEO)

InternationalKarachi Independence Day Turns Tragic: Three Killed, Over 60 Injured in Reckless Aerial Firing

International Realted Stories

InternationalUgandans criticise deal with Trump administration to accept US deportees

International"We're going to get along," says Trump, allowing 600,000 Chinese students in US amid ongoing trade talks with Beijing

InternationalWe have secured historic trade deals with UK, China, Japan, and EU...receiving trillions of dollars, far beyond billions: US President Trump

InternationalFiji PM Sitiveni Rabuka delivers 'Ocean of Peace' lecture in New Delhi, calls for Pacific unity, stability and maritime harmony

InternationalIndia working with partners to see there is strong condemnation of terrorism in SCO declaration