Electronic payments continued to show a rising trend as both the number and value of such transactions increased in the fourth quarter (April-June) of the last 2009-10 fiscal year (FY10). According to State Bank's fourth Quarterly Report on Retail E-Payments and Paper Based Instruments released on Friday.
The volume and value of E-Payments transactions in the country during the fourth quarter of FY10 reached to 53.4 million and Rs 4.8 trillion, respectively showing an increase of 6.2 percent in number and 7.7 percent increase in value, as compared to 8.4 percent increase in number and 8.2 percent increase in value in the previous quarter.
The Report said that during the fourth quarter the contribution of electronic transactions in total retail transactions recorded at 36.81 percent in number compared to 37.75 percent share recorded during the previous quarter. In terms of value, the electronic channels' composition recorded at 10.63 percent against 11.38 percent share recorded in the previous quarter.
During the fourth quarter of FY10, the volume and value of ATM transactions in the country reached to 31.1 million and Rs 250.3 billion, respectively showing an increase of 5.9 percent in number and 7.6 percent in value as compared to 7.9 percent increase in number and 10.4 percent increase in value in the previous quarter. Whereas, the volume and value of real time online banking transactions in the country reached to 17.4 million and Rs 4.5 trillion, respectively showing an increase of 8.9 percent in numbers and 7.9 percent increase in value, as compared to 12.1 percent increase in numbers and 8.2 percent increase in value in the previous quarter.
According to the Report, the total number of Automated Teller Machines (ATM) during the fourth quarter reached to 4,465 registering a growth of 2.1 percent as compared to 3.7 percent increase in the previous quarter. The volume of Real Time Online Branches (RTOB) during the fourth quarter reached to 6,671 and recorded a growth of 0.6 percent, as compared to 0.7 percent increase recorded in the previous quarter. The total quantity of POS terminal reached to 52,049 showing an increase of 0.9 percent in number, as compared to 1.5 percent increase in previous quarter.
The volume and value of debit cards transactions were reported to 35.03 million and Rs 269.40 billion, respectively showing an increase of 7.0 percent in number and 4.8 percent in value, as compared to 9.2 percent increase in both number and value in the previous quarter. Similarly, during the fourth quarter of FY10 the volume and value of credit cards transactions were reported at 3.9 million and Rs 16.6 billion, respectively showing an increase of 8.9 percent in numbers and 1.7 percent increase in value, as compared to 3.9 percent decrease in numbers and 4.0 percent decrease in value in the previous quarter.
In addition, the total number of cards (debit/credit/ATM only) in circulation during the fourth quarter reached to 10.52 million, which shows an increase of 0.7 percent compared to 4.9 percent increase in the previous quarter.
The Report pointed out that during April-June 2010 quarter, the volume and value of Point of Sales (POS) transactions in the country were recorded at 3.7 million and Rs 16.7 billion, respectively showing a decline of 0.9 percent in numbers and 3.1 percent decrease in value, as compared to 5.1 percent decrease in numbers and 6.2 percent decrease in value in the previous quarter.