E-banking trend on the rise in Pakistan

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E-banking trend on the rise in Pakistan

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Use of ATM, Internet and mobile phone banking is on the rise in Pakistan.

25 March,2011 06:44 pm

According to a report of the State Bank of Pakistan, during the second quarter of the current fiscal year, e-banking transactions were increased by 17.5 percent as compared to the first quarter. However, the traditional paper-based banking transactions were increased by 9.7 percent.Overall Rs 54.62 trillion transactions were made by e-banking in the second quarter, the report said. During this period, transactions of Rs 287.50 billion were processed through ATMs, Rs 44.75 billion through Internet and Rs 1.68 billion through mobile phones.