Despite of the fact, the financial transactions though internet-banking and mobile-banking have witnessed significant growth in terms of volume and value in the past few years, the share of these two modes of payments are still standing at 2 and 1 percent in overall electronic-banking system.
The Payment System Review released by State Bank of Pakistan (SBP) on Tuesday, said the share of internet-banking and mobile-banking constitute merely 3 percent of the overall transactions volume of electronic banking system that records 70.9 million in the third quarter of financial year 2011-12.
According to the review, the volume of internet-banking were recorded growth of 68 to stand at 1.85 million against the transaction value of Rs. 95.08 billion with 90 percent growth in the third quarter of FY compared with corresponding period of previous financial year.
Mobile -banking, on the other hand, witnessed decline in transaction volume by 30 to 0.620 million in the third quarter of FY12 against the transaction value of 2.73 billion with 53 percent growth.