KARACHI: Pakistan Real-time Interbank Settlement Mechanism (PRISM) settled 198,250 transactions of Rs51.5 trillion during the third quarter (Jan-March) of this fiscal year, an increase of 5 per cent in volume and 21pc in value as compared to the preceding quarter, said an SBP report on Tuesday.

The major share in increase of PRISM transactions was contributed by interbank funds transfer which increased by almost 6pc, while increase in value was contributed by securities settlement which increased by 45pc.

During the period, the volume and value of internet banking transactions increased by 10pc and 6pc. However, volume and value of point of sale transactions declined slightly by 1.4pc and 3pc.

The volume of mobile banking transactions decreased by 15pc while its value increased by 14pc. Similarly, Automated Teller Machine (ATM) transactions showed a growth of 2pc in volume and 6pc in value as compared to the preceding quarter, the report added.

The volume of real time online banking transactions showed a growth of over 6pc while its value slight decreased by 0.8pc. Non financial transactions, during the period, showed a growth of over 4pc.

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