State Bank releases Annual Payment Systems Review for Financial Year 20-21

State Bank of Pakistan (SBP) releases Annual Payment Systems Review for Financial Year 2020-2021 showing significant growth in the space of digital financial transactions in the country.

Mobile banking volume up by 134% & value up by 179% while internet banking volume up by 65% and value up by 92%. Overall e-Banking transactions register strong growth of 31% by volume and value which indicates an increase in the adaption of digital means for payments.

Point of Sales (POS) transactions show YoY growth of 26% by volume and 24% by value. The e-commerce transactions show growth of more than 115% in terms of volume, whereas 74% in terms of value. These trends point towards healthy growth in fostering a more digitally integrated economy.

State Bank releases Annual Payment Systems Review

It is expected that this momentum of growth will continue to strengthen as modernizing the country’s payment system and infrastructure is a key priority for State Bank of Pakistan (SBP) and it will continue to work on providing an enabling regulatory environment.

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