Mobile phone banking grows to Rs12tr - Newspaper - DAWN.COM - DAWN.com

KARACHI: The worth of mobile telephone banking transactions surged by 141 per cent to Rs11.9 trillion successful FY22, according to the Annual Payment Systems Report released by the State Bank of Pakistan connected Friday.

There were 15 cardinal registered P2P (Person-to-Person) Raast users, carrying retired 7.9 cardinal transactions amounting to Rs102.1bn successful value.

The study besides mentions that the fig of mobile phones and net banking users reached 8.4m and 12.3m respectively during FY22.

In presumption of transactions, mobile telephone banking accrued by 100.4pc to 387.5m, portion net banking grew by 51.7pc to 141.7m during the year.

The worth of net banking transactions grew 81.1pc to Rs10.2tr successful 2021-22. E-commerce transactions besides witnessed akin trends arsenic the measurement grew by 107.4pc to 45.5m and the worth by 74.9pc to Rs106bn.

During FY22, a full of 32,958 POS machines were deployed which led to an enlargement of its web by 45.8pc to 104,865. E-comm­erce merchants registered with the banks accrued to 4,887 from 3,003 merchants during this period. ATMs web successful the state besides grew by 4.8pc during the twelvemonth reaching 17,133 ATMs.

Published successful Dawn, December 24th, 2022