E-payments grow to Rs. 4.1 trillion in second quarter of 2010

Transactions via e-payment grew to Rs. 4.1 trillion in second quarter of the financial year (FY10), stated a State Bank of Pakistan (SBP) report. In the first quarter report it was Rs. 3.9 trillion.

The State Bank’s second quarterly report on retail, e-payments and paper-based instruments released in February 2010 said that the electronic payments continued to rise as both the volume and value of such transactions increased in the second quarter (Oct-Dec) of the current fiscal year 2009-2010. It further added that the volume and value of e-payment transactions during this quarter reached 46.4 million and 4.1 trillion rupees, respectively, an increase of 0.2 percent in volume and 6.1 percent in value, compared to increase of 4 percent and 0.3 percent, respectively in the previous quarter.