KARACHI - More than 300 ATMs were installed and dozens of bank branches added to the online branch network in the country in the fourth quarter of FY13.

According to Payment Systems Review of 4th Quarter (April to June) FY13 released by the State Bank of Pakistan, the installation of 308 ATMs brought the total number to 6,757. Altogether, 67 more bank branches were added to the online branch network which makes a total of 10,013 branches that are now offering RTOB services out of 10,581 total bank branches across the country.

The Review said, compared with the preceding quarter, number of plastic cards (credit cards, debit cards, ATM only cards, smart cards, Islamic credit cards) issued to customers increased by 2.53 per cent in the fourth quarter of FY13, thus bringing the total number of plastic cards issued to 22.32 million.

According to the Review, the volume of overall e-banking transactions during the quarter also depicted a growth of 6.42 percent which is equal to 87.49 million transactions. Of all the e-banking transactions, mobile transactions showed the highest percentage increase as compared to the previous quarter of current fiscal year.

The Review said that in terms of volume of overall e-banking transactions, ATM transactions have a major share of 63.70 percent and average value per transaction stands at Rs. 10,007.

During this quarter, the recorded volume and value of large value payments through RTGS was 134,738 and Rs.41.72 trillion respectively. This showed a 11.02 per cent increase in the volume and 5.88 percent in the value as compared to the figures reported in the third quarter of current fiscal year.