Payment Systems Department Cir No. 1

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030428

STATE BANK OF PAKISTAN - PAYMENT SYSTEMS DEPARTMENT

Circular No. 1
April 28, 2003

President/Country Manager
All Banks
Dear Sirs,

Payment Systems Perspective: Information / Data

In order to institutionalize its focus on payment system stability, State Bank of Pakistan has now established Payment Systems Department. The objective of this department is to oversee the existing payment and settlement systems in place and develop a strategy with the banking sector for improvement in the existing systems. The department will also keep abreast with the current international best practices and deal with the banking sector in Pakistan on all issues relating to payment systems.
Availability of relevant and accurate information / data from payment systems perspective is pre-requisite for policy as well as regulatory purposes. While information / data for large value as well as retail inter-bank transactions is regularly collected from payment systems perspective, the same needs to be instituted for electronic transactions.

Accordingly, for assessing the depth and variety of various payment instruments using electronic devices, a census is being conducted. This will be followed by establishing a monitoring mechanism through which data / information about all existing payment systems can be regularly collected. We, therefore, request you to please provide us with the information as per enclosed Annexure latest by May 10, 2003.

Annexure I

Yours faithfully,
(AFTAB MUSTAFA KHAN)
Director

ANNEXURE

	31-03-2003	31-12-2002	31-12-2001	31-12-2000
Total number of ATMs in
the ownership / operation of	# of machines	# of machines	# of machines	# of machines
the Bank as on date.
Total number of customers having the ATM card(s) of	# of customers	# of customers	# of customers	# of customers
the Bank as on date.
Total number of cash
withdrawals by the Bank's	# of transactions.	# of transactions.	# of transactions.	# of transactions.
own cardholders on the
Bank's own ATMs only
during the period.
Total amount of cash
withdrawal by the Bank's	Rs. in millions	Rs. in millions	Rs. in millions	Rs. in millions
own cardholders on the
Bank's own ATMs only
during the period.
Number of On-line
Branches as on date.	# of branches	# of branches	# of branches	# of branches
Number of computerized
branches. i.e., branch	# of branches	# of branches	# of branches	# of branches
maintaining computerized
General Ledger as on date.

What facilities other than the cash withdrawal are being offered through the ATM Card of the Bank?

1) Balance Inquiry Yes / No

2) Mini Statement Yes / No

3) Funds Transfer Yes / No

4) Others (please specify) ____________________________________________

5) ATM Switch Connectivity 1-Link_______MNet________Future plan in case of non-connectivity

Moreover, for all the above, if YES, for each of financial transaction type please provide us with the previous three years and 1st Quarter of 2003 number of transactions and amount of transactions and for each of non-financial transaction type, provide number of transactions for the corresponding periods as per the proforma given on previous page of this annexure.

Credit and Debit Cards

1) Number of POS Terminals _______________

2) Credit Card Issuer Yes / No

3) Debit Card Issuer Yes / No

4) Brand of Credit Card being Issued VISA Master Both Other (please specify)

Moreover, for both of the credit card and debit card (if issued) please provide for each of the card type the number of card-holders of Bank, number of transactions and amount of the transactions for the previous three years and 1st Quarter of 2003 as per the proforma given on the previous page of this annexure.Other Types of E-Banking Services Offered by the Bank:

1) Account Management through Internet. Yes / No

2) Phone Banking. Yes / No

3) Utility Bills payment through electronic means. Yes / No

4) Others (please specify) ___________

NOTE:

For all of the above mentioned services offered by the bank including ATM and Credit Cards etc. please give the contact details of the person incharge in your bank for each type of facility being offered by the Bank.

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