E-banking in Pakistan continues steady growth: central bank-Xinhua

E-banking in Pakistan continues steady growth: central bank

Source: Xinhua| 2022-06-17 00:28:45|Editor: huaxia

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.