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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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