Digital transactions Go up in Pakistan

Digital transactions Go up in Pakistan

Once made necessary by Covid-19, online transactions are now becoming a norm for the Pakistanis as the country witnessed a strong growth in such transactions during the second quarter of current fiscal year 2020-21.

The State Bank of Pakistan (SBP) released its report titled “Quarterly Payment System Review” for the second quarter (Oct-Dec) of fiscal year 2020-21, which showed a strong growth in digital financial transactions in the country.

“It is a moment of pride for us as a nation to see such a remarkable growth in this sector,” said SI Global CEO Noman Ahmed

According to the report, during the Oct-Dec 2020 quarter, 296.7 million e-banking transactions, valuing at Rs21.4 trillion, were carried out, registering a growth of 24% in volumes and 22% in value compared to the same quarter of last year.

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