Mobile Payments in Pakistan Quarter 1 2009:

Rs.  3.3 Million (Source: State Bank)

MCB Mobile average payments:

Rs.  4.5 Million Daily

“MCB Mobile is leading the Mobile Payments space in Pakistan”

Below is an extract from the State Bank of Pakistan’s Quarterly report on retail payment systems in Pakistan….

……3.6 Mobile Banking There are few banks which offer transactions through mobile. These transactions include payment through mobile (excluding utility bills payment), utility bills payment, A/C to A/c funds transfer and 3rd party A/c to A/C funds transfer. The number of transactions reached to 15.46 thousand for the current quarter from 17.58 thousand in the previous quarter. This shows decrease by 12.1 percent in number of mobile transactions compared to 6.8 percent increase in volume recorded in previous quarter. In terms of value, it reached to Rs.3.3 million showing decrease of 15.4 percent compared to 7.2 percent increase recorded in the previous quarter (Fig. 10)

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