Page 5 - Payment System Review -Q2 FY24

Payment Systems Snapshot

P
End Sep-23 End Dec-23
1
Country’s Population (in million) 241.5 241.5
2
Currency in Circulation (in PKR billion) 8,287.8 8,526.4
Payment Systems Infrastructure
Banks 33 33
Microfinance Banks – MFBs 11 11
Payment System Operators/ Service Providers – PSOs/PSPs 5 5
Electronic Money Institutions – EMIs 4 5
Branchless Banking Service Providers – BBs 16 16
3
PRISM Participants 59 59
Payments Network
Branches of Banks & MFBs 17,768 18,178
ATMs 18,117 18,441
4
CDMs/CCDMs 525 529
Point-of-Sale (POS) Machines 118,444 121,789
Registered E-Commerce Merchants (Banks/MFBs) 7,310 7,630
Branchless Banking Agents 640,953 649,992
Digital Payment Channel Users and Instruments (in million)
Internet Banking Users 10.3 10.8
Mobile Banking Users 15.1 16.3
Call Center/ IVR Banking Users 38.4 39.2
BB Mobile App Users 64.6 67.2
5
Payment Cards 54.3 59.2
E-Wallets 2.4 2.7
R
P
Q1-FY24 Q2-FY24
Volume Value Volume Value

(million) (PKR billion) (million) (PKR billion)
6
Payment Systems Transactions
Large-Value Transactions 1.42 199,325.8 1.48 272,651.5
7
Digital Transactions 565.3 17,001.2 668.1 20,779.2
8
Over-the-Counter (OTC) Transactions 142.3 117,573.2 148.2 119,546.7

1 Population Statistics taken from “Population and Housing Census (2023) – The Digital Census” available at:
https://www.pbs.gov.pk/sites/default/files/population/2023/Pakistan.pdf
2
Latest figure taken from State Bank of Pakistan’s “Monthly Statistical Bulletin of Dec-23” available at:
https://www.sbp.org.pk/reports/stat_reviews/Bulletin/2023/Sep/MoneyCredit.pdf
3 This includes 46 Banks/MFBs (Islamic banking windows counted separately), 9 DFIs, and 4 Non-Banks or Special Participants
4 CDMs: Cash Deposit Machine |CCDMs Cash & Cheque Deposit Machine (some have facility of withdrawal in addition to deposit)
5 Payment Cards issued by Banks, MFBs, EMIs and BBs
6 Doesn’t include transactions processed by Branchless Banking Service Providers
7 Includes Digital Transactions carried out at ATMs/CDMs/CCDMs, POS terminals, E-Commerce Platforms or initiated online via
Bank Account/ Digital wallet. All these transactions are processed through digital channels provided by Banks, MFBs or EMIs
8 Includes Over-the-counter (OTC) transactions carried out at Bank Branches
Note: Payment Systems Data Series is available for download at: https://easydata.sbp.org.pk
R: Revised | P: Provisional

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