KARACHI: During the third quarter of financial year 2015-16, Pakistan Realtime Interbank Settlement Mechanism (PRISM) settled 235,274 transactions worth Rs 56.4 trillion, showing an increase of 4 percent and a decrease of 12 percent in volume and value respectively compared to the second quarter of the outgoing financial year.
The major share in increase of number of PRISM transactions was contributed by Interbank Funds Transfer which increased by 3 percent while decrease in value of PRISM transactions was contributed by securities settlement which decreased by 18 percent.
In third quarter of FY16, the volume and value of Internet Banking transactions showed an increase of 7 percent and 9 percent, respectively.
The volume and value of Point of Sale (POS) transactions increased by 5 percent and 6 percent compared to previous quarter. Similarly, the volume of Mobile Banking transactions increased by 12 percent while its value increased by 11 percent as compared to the previous quarter of FY16.
Automated Teller Machine (ATM) transactions showed an increase of 2 percent in volume and 7 percent in value as compared to last quarter of FY16. The volume of Real Time Online Banking (RTOB) transactions rose from 32.8 million to 35 million whereas the value decreased by 5 percent i.e. Rs. 8.2 Trillion to 7.8 Trillion caused by decrease in Real Time A/c to A/c Funds Transfer. Non financial transactions increased by 8 percent.
During the third quarter of current fiscal year, the network of ATMs continued to grow reaching from 10,736 to 11,100. Further, p2,429 POS machines were added to the network showing a growth of 5 percent as compared to second quarter of FY16. The number of cards issued by banks has also increased by 3 percent reaching the total of Rs 33.7 million by the end of the quarter under review.
During the current quarter, registered users of Internet, mobile and call centre banking showed a growth of 4 percent reaching to Rs 22.9 million at the end of third quarter of FY16.
