[PF:169218] Money Transfer: Internet and Mobile-Banking Share Remains Thin

Money Transfer: Internet and Mobile-Banking Share Remains Thin

Yasir Ameen

Despite of the fact, the financial transactions through internet-banking and mobile-banking have witnessed significant growth in terms of volume and value in the past few years, the share of these two modes of payment are still standing at 2 and 1 percent in overall electronic-banking system.

The Payment System Review released by State Bank of Pakistan (SBP) on Tuesday, said the share of internet-banking and mobile-banking constitute merely 3 percent of the overall transactions volume of electronic banking system that recorded 70.9 million in the third quarter of financial year 2011-12.

http://telecomrecorder.com/2012/05/30/money-transfer-internet-and-mobile-banking-share-remains-thin/

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