Overview of banking payment system in Pakistan

Overview of banking payment system in Pakistan

KARACHI: The State Bank of Pakistan (SBP) recently issued key information about payment system of banking system in the country.

Following is the snapshot of payment system in Pakistan:

Snapshot details as on December 31, 2020

Total Population in Pakistan: 208.31 million

Currency in Circulation (in million PKR) 6,543,806

Number of Banks’ Accounts: 5 59,910,511

Payment Systems Infrastructure as on December 31, 2020

Number of Banks 44 and (Branches) (16,304)

Commercial/ Specialized Banks Branches15,096

Microfinance (Branches) 1,208

Number of Real Time Online Branches (RTOBs): 16,165

Number of banks having ATM machines: 35

Number of banks having open-looped POS machines: 5

Number of banks having closed-looped POS machines: 4

Number of banks providing Internet Banking services: 27

Number of Banks providing Mobile Phone Banking services: 27

Number of Banks providing Call Center Banking services: 23

Total Number of PRISM System Participants: 50

Total number of ATMs Interoperable Switches: 1

Total number of Cash & Cheque Deposits Machines (CDMs): 225

Total number of Cash Deposits Machines with Cash Withdrawal facility: 20

Multipurpose ATMs (With Cash & Cheque Deposit & Cash Withdrawal):  15

Leave a Reply

You have to agree to the comment policy.