Branchless banking deposits grew 95pc during April-June 2017

Karachi: Branchless banking deposits for the April-June quarter went up by 95pc from previous quarter, reported State Bank of Pakistan on Thursday.

As per data released by SBP, number of transactions registered a 18.9pc rise to touch 167m in comparison to previous quarter.

In terms of transactional value quarter-on-quarter (QoQ) basis, a 32.3pc was registered reaching Rs746.5b during April-June 2017 period.

Average transaction size recorded a 11.2pc rise from previous quarter to reach Rs4,466 for April-June 2017. Daily transactions registered a upward tick to reach 1.8m, registering a 19pc rise for April-June 2017 from previous quarter.

The number of active branchless banking accounts shot up by 16.6pc for April-June 2017 from a quarter ago.

The dominating players in branchless banking category remained Easypaisa, Jazzcash and UBL Omni in respect of active banking accounts.


- Advertisement -
- Advertisement -

Must Read

Pakistan allegedly restricting foreign airlines from converting currency in a bid...

LAHORE: The International Air Transport Association (IATA) warned that airline funds for repatriation blocked by governments have risen by more than 25% ($394 million)...