Do you really know the History of E- banking that is Electronic Banking in Pakistan as With no second thought it is a fact that Pakistan is amongst one of those few nations of the world which delayed the most from switching from the ordinary traditional banking to the electronic banking, but once the move is being made then there are continual improvements in the process and the reliability of the transactions. The value of e-banking transactions in Pakistan reached Rs. 7,901 billion or Rs. 7.9 Trillion during third quarter of 2012-13, up from Rs. 7.5 Trillion a quarter ago, said quarterly Payment Systems review published by State Bank of Pakistan. Total number of e-banking transactions during the quarter stood at 82,209,000 up from 79,451,000 transactions during the previous quarter. The volume and corresponding value of overall e-banking transactions during the quarter depicted a growth of 3.47 percent increase in volume an increase of 4.37 percent in value.
There are several things and features which are available to user through the online banking which is being made available by the State Bank of Pakistan and the various private banks in this regard. Below are the some significant facilities which are being offered to the user;
- Account Information:
The customer can view the updated balance of their account and at the same time can keep the track of their transactions and track purchases which were being made.
- Account aggregation:
View all your accounts / credit cards in one window.
- Online Bill Payment:
a very popular and facilitating feature of the Electronic or internet banking is the facility of Paying credit card, utility and mobile bills. Refer to the list of offered billers below:
|
Utility Companies |
Mobile Companies |
Broadband & Telecom |
|
|
|
- Transfer funds:
Through the usage of the internet banking the funds can be transferred online to anyone within the mentioned domains and requirement.
- 24/7 Access:
banking system just had one problem which was being functional from 9 to 5pm but now the internet banking has given that extra leverage to the users as they can access their bank account 24/7 from the comfort of their home or even office.
- SMS and Email Alerts :
Register for SMS and email alerts and get informed whenever there is transaction on your account or card.
good article