E-payments Grow to Rs 4.5 Trillion in Q3 2010

Electronic payments continued to show a rising trend in the third quarter (January-March) of the current fiscal year (FY10), as both the volume and value of such transactions have increased.

According to State Bank’s Third Quarterly Report on Retail E-Payments and Paper Based Instruments, the volume of E-Payment transactions in the country during the third quarter of FY10 reached Rs 50.3 million and their value reached Rs 4.5 trillion, showing an increase of 8.4 percent in volume and 8.2 percent increase in value as compared with 0.2 percent increase in volume and 6.1 percent increase in value recorded in the previous quarter.

The report said the use of electronic channels have shown a consistent growth as the third quarter contribution of electronic transactions in total retail transactions stood at 37.75 percent in volume as compared to 35.3 percent during the previous quarter.

During the third quarter of FY10, the volume and value of Automated Teller Machine (ATM) transactions in the country reached 29.4 million and Rs 232.6 billion respectively, showing an increase of 7.9 percent in volume and 10.4 percent in value as compared to 2.2 percent decrease in volume and 0.5 percent decline in value in the previous quarter.

The volume and value of real time online banking transactions in the country reached 15.9 million and Rs 4.2 trillion respectively, showing an increase of 12.1 percent in volume and 8.2 percent increase in value as compared to 8.8 percent increase in volume and 6.4 percent increase in value in the previous quarter.

According to the Report, total number of ATMs during the third quarter reached 4,375, registering a growth of 3.7 percent as compared to 4.0 percent in the previous quarter. The number of Real Time Online Branches (RTOB) during third quarter reached 6,634 and recorded a growth of 0.7 percent as compared to 7.6 percent growth recorded in the previous quarter.

The volume and value of debit card transactions were reported at 32.75 million and Rs 256.95 billion respectively, showing an increase of 9.2 percent both in volume and value as compared to 3.7 percent increase in volume and 9.7 percent increase in value in the previous quarter. Similarly, during the third quarter of FY10 the volume and value of credit card transactions were reported to be 3.6 million and Rs 16.35 billion respectively showing a decrease of 3.9 percent in volume and 4.0 percent in value as compared to 10 percent decrease in volume and 8.7 percent decrease in value in the previous quarter.

The report said that the total number of cards (debit / credit /ATM only) in circulation during the third quarter reached to 10.45 million, showing an increase of 4.9 percent compared to 6.8 percent increase in the previous quarter.


  • I cannot even imagine a life without ATMs and debit / credit cards…Long gone are the days when people only relied on cheques…No wonder e-payments are becoming an increasing trend- they only life easier! :)

  • Yes, but Payoneer Debit Card is being blocked in Pakistan from June 1, 2010 because of AML (Anti-Money laundering) bill not being passed!

    Why is the government not passing this bill??


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