Branchless Banking Transactions Hit Rs. 79.4 Billion Mark During Sep-Dec 2011

Branchless banking in Pakistan witnessed another quarter (Sep-Dec 2011) with impressive growth on all fronts, the most prominent being the remark-able growth in number of Branchless Banking (BB) accounts and transactions.

Official stats issued by State Bank of Pakistan said that by the end of December 2011, more than 929,000 customers have been registered as m-wallet users.

Report said that the number of transactions per day registered 30 percent growth to Rs. 228,855 from Rs. 176,296 in July-September 2011. The report said the average number of transactions per month has increased to 7 million worth Rs. 27 billion. Similarly, the average size of transaction was Rs. 3,855.

Moreover, another 3,110 agents joined the fast growing network of branchless banking raising the total number of agents to 22,512 out of which 92% are active. The agents’ network now covers the entire length and breadth of the country having foot print in 86% of the total districts. However, the network has a high concentration of 43% in 10 districts.

Total number of transactions processed during the quarter was 20.6 million, valuing Rs. 79.4 billion. Bills payment & top-up remained the dominating activity with 53% share in total numbers, followed by fund transfer and deposits with share of 39% and 8% respectively. However, in value terms fund transfers have dominated with 71% share, followed by bill payments with 26% share.

The Person to Person (P2P)‘ payments remained the most popular mechanism with 74% share in the total fund transfer, followed by Account-to-Person (A2P)‘ transfer with share of 21%. Account-to-Account (A2A)‘ transfer is just 4% of total fund transfer.

More than 929,000 mobile accounts have so far been registered with majority in level 1 accounts (92%) followed by level 2 (5%)and level 3 (2%).

Check below figures and tables for more statistical view of branchless banking during September – December 2011.

Mobile_Banking_002

Mobile_Banking_001


  • Can you please let us know how much of this is contributed by Telenor Easypaisa?

  • Telenor Easy Paisa Rocks
    We Love You Telenor

  • saba iqbal

    Mehvish Aamir Attaa. N other pichle 1 week se Zong ka network busy hai jab bh balance check karo to msg show hota hai k System busy try latter please check n tell us k masla kia hai kia Zong 3G kelye network upgrade kraha hai? Ya koi serias problem hai itne din se ye masla hai

  • Pakistan Army

    hmm that can make Pakistan economy lot better right?

  • Riz

    Mainly there are two major players, UBL Omni & Telenor Easypaisa. That would be great if this article can explain share of these two, and any other players ( if any ) separately.

  • Akhlaq Ahmad

    UBL Omni is great
    bohat kam arsay main UBL Omni nay apna maqam bana lia hay aor to aor easay paisa walay agents bhi ab Omni ki taraf aa rahay hay. is kay service charges easy paisa ki nisbat kam hay and agents ko jo maraat omni day rahay hay Easy paisa waly soch bhi nahi saktay. Bohat jald OMNI kay agents ka network pooray mulak main mukamal ho jay ga. aor jald hi OMNI consumers kay liay aasi products introduce karwa raha hay jis kay baad wo haqiai manoon main MARKET Leader ho ga.

    Best of Luck OMNI

    Akhlaq Ahmad
    Fateh Jang, District Attock
    03009713047

    • faisal

      Akhlaq Ahmed , a worker of OMNI

      how much did they pay you to put this comment ??

      • Akhlaq Ahmad

        My dear faisal yeh haqeeqat hay. jo sab kay samnay hay. sab say barh kar consumer is say bohat khush hay

        aor tum itnay loose comment kis kay kehnay per day rahay hoo ? waja kia hay????

  • It seems remarkable idea to me is