The number of plastic cards increased by 9.55% as about 19.67 million cards were issued in the quarter under review.
According to the Payment Systems Review released by the State Bank of Pakistan (SBP) on Wednesday, another 242 Automated Teller Machines (ATMs) were installed by banks during the July-September quarter, taking the total number of ATMs in the country to 5,987.
ATM transactions have a major share of 58.6% with average value of Rs9,810 per transaction. Overall, value and volume of ATM transactions increased by 22% and 13% respectively. The share of ATMs in total e-banking transactions in terms of value was 6.7%.
According to the review, 121 more bank branches were added to the network of real-time online branches (RTOB). Now, 9,412 branches, out of a total of 10,111, offer such services across the country. The volume and value of RTOB transactions rose by 21% and 4% respectively.
The number of plastic cards increased by 9.55% as about 19.67 million cards were issued in the quarter under review.
The value and volume of transactions through Point of Sale (POS) terminals stood at Rs20.8 billion and 4.3 million, a growth of 15% and 5% respectively.
The review pointed out that the volume and value of large-value payments through Real Time Gross Settlements (RTGS) were 110,255 and Rs38.49 trillion respectively in the first quarter of FY13. This showed a 53.3% increase in value and 27% rise in volume as compared to the corresponding period of previous year.
The significant increase in the value of RTGS transactions was due to settlement against securities transactions, which increased by 73.4%.
Published in The Express Tribune, January 3rd, 2013.
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