As the year 2016 reaching its end all the data charts are being prepared. A great rise was observed in the graph of Payments Systems in Pakistan. It was confirmed by State Bank of Pakistan.

The reason for this growth is usage of digital media.

According to the listed facts by State Bank of Pakistan in the year 2016 the RTGS increased to 29%. Also the stats state that E-banking transactions have increased by 16% in volume while they had an increase of 4% in value.

Online and digital transactions are easy and can be done with much more feasibility than paper work. The shops have opened and now we have personal accounts on our mobile phone for much more convenience. Slowly the E-banking system is coming into rule.

If compared to 2015 the usage of ATMs and POSs has raised to 18% in 2016 from 8% in 2015. The stats also include the mobile banking service. The statement issued by bank states, “Payment System infrastructure also showed phenomenal growth during the period under review. The number of branches increased from 11,937 to 13,179 whereas total number of ATMs installed in the country increased from 9,597 to 11,381 during the year.’’

State Bank of Pakistan monitors all sorts of transactions and deals. It’s the most reliable bank which provides multiple services like credit cards, debit cards, personal and business loans and much more with full security.

The new trend is using E-banking and you can carry your bank in your hand. It is easier and reliable.

The post E-banking Transactions Growth In Pakistan Increased 16% in 2016 appeared first on Techlist.

Pakistan’s first ever Cardless Cash Withdrawals has finally been launched by Askari Bank. To bring it about Askari Bank partnered with TPS.

It was most awaited since announcement was made last month.
The announcement was made last month. Now cash from any ATM of the country can be drawn without a debit card.
It is easy mobile wallet system. Your account can be accessed by phone. A code will be sent to the mobile once the user logs into Mobile Wallet. The code needs to be entered and you will be able to withdraw the cash up to
withdrawal transaction limit per day that is Rs. 10,000.

Asim Bashir, Country Head Branchless Banking, Askari Bank Limited, said,

“We are excited to work with TPS to introduce Cardless Cash Withdrawals in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. Cardless Cash Withdrawal service gives customers easy, secure access to withdraw cash from all Askari Bank ATMs without any card.”

At the same occasion and about the same topic, Shahid, CEO.

TPS also said,

“Cardless Cash Withdrawal is already widely used in international markets and provides customers a secure and easy way to withdraw cash from ATMs. We are proud to be a part of Askari Bank’s digital transformation journey to provide the safest and best experience to the bank’s loyal customers.”

TPS is a leading provider of cards and payment solutions.

Now it’s easier, flexible and user friendly. If you have an account avail the offer now.

The post Askari Bank Starts Pakistan’s First Cardless Cash Withdrawals From ATM appeared first on Techlist.