Pakistan’s decision to shut down internet services in the country has had severe repercussions for the mobile phone banking sector, leading to substantial financial losses.
KARACHI: The value of mobile banking, internet banking and e-commerce transactions all more than doubled during the third quarter of 2020/2021 when compared with the same period last year, State Bank of Pakistan (SBP) said on Monday. Encouragingly, the number of internet and mobile banking users has also been increasing significantly, up 30.5 percent and […]
KARACHI: The value of mobile banking transactions have registered an unprecedented growth of 192 percent to Rs1.12 trillion during quarter October – December 2020, State Bank of Pakistan (SBP) said on Thursday. The volume of mobile banking transactions reached 44 million, (up 147 percent) valuing Rs.1.12 trillion (up 192 percent) compared to 17.8 million transactions […]
KARACHI: The usage of mobile banking has surged phenomenally as transactions worth Rs1,764 billion recorded during fiscal year 2019/2020, which is 104 percent higher over the preceding fiscal year.