Web.pk

Branchless Banking Accounts Rise 39% in 1st Quarter 2015, SBP report

By Rana Hamza — Published on 18/09/2015
ADVERTISEMENT
CONTINUE READING BELOW

The recent report of State Bank of Pakistan has told an enormous increase in number of Mobile account holders in Pakistan. There might by many factors, influencing the rate but biometric verification of SIM’s have played pivotal role in doing it so.

ADVERTISEMENT
CONTINUE READING BELOW

Branchless banking account holders in Pakistan Jan-March 2015
As the report of first-Quarter year tells that number of mobile accounts have rose up to 7.54 million during Jan-March 2015, and previously was 5.41 million in Oct-Dec 2014 report. In first quarter of 2015, 39% of growth is observed in number of mobile account holders as compare to Dec 2014.

SBP’s perspective
“Opening accounts without usage will not serve the national strategic objective of financial inclusion,”

Key Indicators

Key Indicators

Volume of Transaction and Value of Transaction
Volume of Transaction has experienced a slight increase of 1%, although value of transaction has declined 4.8 %, marking Rs 354 billion for the quarter. Here is how value of transaction suffered due to the following declines:

Government-to-person payments (-75%)
Loan disbursements (-98%)
Top-ups (-47%)

ADVERTISEMENT
CONTINUE READING BELOW

If we look at the Volume of Transaction Oct-Dec 2014, it was around 71.8 million moved up to 72.5 million after making a minor increase of 1 %.

saa

saad

BB transactions
BB transactions re further divided into:

  • Customer-oriented transaction
  • Agent-oriented transaction

Customer-oriented transaction comprises of mobile wallets and over-the-counter transactions and both these contributed 94% in volume and 65% in value of the total BB transactions.

Previously, OTC to m-wallet ratio in terms of volume of transactions was 86:14 and in this quarter it lies at 88:12.

Mostly customers open their account just to avail the incentives and offers from the operators and after getting it they didn’t carry on with their accounts.

Here is the summary of Active-to-Total BB accounts:

saad

The ratio have fell to 20% in Jan-March 2015 and previously it was 43% in Oct-Dec 2014.

About Author

Written by
Rana Hamza is a highly qualified content professional with knowledge of the latest news in sports, entertainment, and technology from across the globe. Hamza has made a name for herself in the industry as a reliable source of information because of her love of writing and meticulous attention to detail.

Popular Articles

Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
How to Share Internet Volume from Zong to Zong
ADVERTISEMENT CONTINUE READING BELOWNow you can transfer internet data from your Zong number to another…
13 Aug 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
50 WhatsApp Group Names in Urdu
ADVERTISEMENT CONTINUE READING BELOWWhatsApp ground name has become a very hot topic these days. People…
31 Dec 2015
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016