More than 300
ATMs were installed and dozens of bank branches added to the online branch
network in the country in the fourth quarter of FY13. According to Payment
Systems Review of 4th Quarter (April to June) FY13 released by the
State Bank of Pakistan, the installation of 308 ATMs brought the total number
to 6,757. Altogether, 67 more bank branches were added to the online branch
network which makes a total of 10,013 branches that are now offering RTOB
services out of 10,581 total bank branches across the country.
The Review said
that, compared with the preceding quarter, number of plastic cards (credit
cards, debit cards, ATM only cards, smart cards, Islamic credit cards) issued
to customers increased by 2.53 percent in the fourth quarter of FY13, thus bringing
the total number of plastic cards issued to 22.32 million. In comparison with
other plastic cards, ATM Only Cards shown the highest growth rate of about 4.56
percent, which has raised the total number of ATM Only Cards issued so far to
962 thousand, although debit cards have the highest percentage share in overall
plastic cards which is more than 90 percent. Transactions through debit cards
also increased both in volume and value.
According to the
Review, the volume of overall e-banking transactions during the quarter also
depicted a growth of 6.42 percent which is equal to 87.49 million transactions.
Of all the e-banking transactions, mobile transactions showed the highest
percentage increase as compared to the previous quarter of current fiscal year.
These transactions increased by 18.05 percent in terms of volume reaching to 1.32
million as compared to 1.12 million in the preceding quarter. The value of
mobile transactions again showed the highest percentage increase as compared to
the previous quarter as the value increased by 34.35 percent reaching to Rs.
9.9 billion as compared to Rs. 7.3 billion in the preceding quarter.
The Review said
that in terms of volume of overall e-banking transactions, ATM transactions
have a major share of 63.70 percent and average value per transaction stands at
Rs. 10,007. In comparison with the number of transactions reported in the third
quarter of the current fiscal year, the overall volume of ATM transactions
increased by 8.00 percent and the value increased by 8.02 percent. During the
quarter 559 more Point of Sale machines were installed by various banks across
the country.
During this
quarter, the recorded volume and value of large value payments through RTGS was
134,738 and Rs.41.72 trillion respectively. This showed a 11.02 percent
increase in the volume and 5.88 percent in the value as compared to the figures
reported in the third quarter of current fiscal year. The major portion for the
increased number of overall PRISM transactions in this quarter was contributed
by IBFT which increased by 11.49 in volume percent and 23.63 percent in value.
Moreover, IBFT has largest share in overall PRISM transactions in terms of
volume while securities transactions has highest share in terms of value which
are 78.70 percent and 60.33 percent respectively.
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