branch less 14 mar 2012
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7/31/2019 Branch Less 14 Mar 2012
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March13,2012
BranchlessBankingnetworkexpandsby16percentto22,512insecondquarterofFY12:SBPpublication
TheBranchlessBanking(BB)networkinPakistanexpandedby16percentinthesecondquarter
(October December 2011) of the current fiscal year (201112) to reach 22,512 agents covering the
entire lengthandbreadthof the country, saysStateBanks BranchlessBankingNewsletter released
today.
According to the publication, the number of Branchless Banking accounts increased by 40
percentto929,184inOctober December,2011periodascomparedtothepreviousquarter.Thetotal
BranchlessBankingdepositsjumpedby169percent toRs503million in thequarterunder reviewas
compared tothepreviousquarter, itsaid,addingthatthenumberofBranchlessBankingtransactions
duringthesecondquartersurgedby30percentto20.6millionwhilethevalueoftransactionsshoweda
growthof35percenttoreachRs.79,410million.
TheaveragesizeofbranchlessbankingtransactionwasRs.3,855whiletheaveragenumberof
dailytransactionswas228,855.Thisshowsthatmobilephonetechnologyandagentbasedbankingare
helpingaccesstofinancialservicesbythehithertounbankedpoor,theNewslettersaid,addingthatby
theendofDecember2011,morethan929,000customershavebeenregisteredasmwalletusers.
TheNewsletter said that innovative branchless bankingmodels have beenpenetrating in all
areas of payments such as utility bills, GovernmenttoPersons (G2P), PersonstoPersons (P2P)
paymentswhilescalingup otherservicesrelatingtodepositsandloans.
Billspayment&topupsremainedthedominatingactivity inthequarterunderreviewwith53
percentshare
in
total
numbers,
followed
by
fund
transfers
and
deposits
with
share
of
39
percent
and
8percentrespectively, itsaidandaddedthattheP2Ppaymentsremainedthemostpopularmechanism
with74%share inthetotal fundstransfer. Initialhighconcentration inP2Ptransactionssuggeststhat
the industry needs to develop a viable valueproposition for registration and activation of mobile
accounts,itadded.
The BranchlessBankingNewslettercoverschronologyofBranchlessBankingdevelopments in
Pakistan, a detailed BB growth analysis, snapshot of the major models Easypaisa and Omni, and
importantBBevents/ initiatives.TheBBNewslettercanbeaccessedat the followingweb linkofSBP
website:
http://www.sbp.org.pk/publications/acd/BranchlessBankingOctDec2011.pdf
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