E-banking in Pakistan continues steady growth: central bank
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E-mail Xinhua, June 17, 2022
ISLAMABAD, June 16 (Xinhua) -- The e-banking sector in Pakistan kept on showing a steady growth trend in the third quarter of the current fiscal year, the State Bank of Pakistan (SBP) said on Thursday.
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," the SBP said in a statement.
The SBP's 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 percent in volume and 6.5 percent 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, according to the SBP. Enditem
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