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Introduction of E-Banking Advantages & Disadvantages of E-Banking Future Growth of E-Banking in Pakistan E-Banking Services of MCB Bank

E-banking allows customers to access bank accounts and conduct transactions online 24/7 from anywhere. While it provides convenience and reduces costs, security and technical issues are disadvantages. In Pakistan, e-banking is growing as more people gain access to technology, and the government promotes expanding financial access through electronic payments. A recent report showed rising awareness and use of electronic payments in Pakistan.

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183 views10 pages

Introduction of E-Banking Advantages & Disadvantages of E-Banking Future Growth of E-Banking in Pakistan E-Banking Services of MCB Bank

E-banking allows customers to access bank accounts and conduct transactions online 24/7 from anywhere. While it provides convenience and reduces costs, security and technical issues are disadvantages. In Pakistan, e-banking is growing as more people gain access to technology, and the government promotes expanding financial access through electronic payments. A recent report showed rising awareness and use of electronic payments in Pakistan.

Uploaded by

UmaarAliShiekh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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•Introduction of e-banking

•Advantages & Disadvantages of e-banking


•Future growth of e-banking in Pakistan
•e-banking services of MCB Bank
•Introduction of e-banking
•E-banking is a product designed for the purposes of online banking
that enables you to have easy and safe access to your bank account.
•E-banking is a safe, fast, easy and efficient electronic service that
enables you access to bank account and to carry out online banking
services, 24 hours a day, and 7 days a week
•It provides online medium of conducting and providing carious bank
services
•Introduction of e-banking
•The entire banking industry have reshaped itself
Into this unparalleled form to meet challenges of:
•Increase in competition
•Demands of heterogeneous customers
• Decreasing revenue margin
•Advantages provided by technology
•To sustain in a business global village
•Advantages of e-banking
•Anytime banking & anywhere banking
•Online banking is much cheaper for the banks
•Reduction in cost of transactions
•Pay bills online, saving cost & time
•Easy to make utility payments
•Online purchases
•24/7 Services are available
•Advantages of e-banking
•Increased customer base
•Innovative marketing & communication
•Ability to attract new customers
•Lesser need to carry cash anytime
•Mobility in operations
•Enables customers to avail discounts through
promotions
•Disadvantages of e-banking
•A need of customer’s skills to deal with internet
browsing ,computers or mobile
•A simple mistake like clicking a wrong button can
create a big problem
•Internet connection is mandatory for online banking
•Security of transactions is a big issue
•Technological problems can create delay in
Transaction i.e. “bank server is down”
•Disadvantages of e-banking
•Lack of personal interaction
•Security issues i.e. bank accounts assessing
by “ hackers”
•An increased rate of cyber crime
•Fraudulent means to trap account information
•The Trust thing
•“Phishing techniques”, ways of online fraud
•Future growth of e-banking in Pakistan
•There is a room to make more awareness to
consumers
•Sizeable segment of population still remains
unbanked, dependent on traditional ways
•Branchless banking sector have gained
popularity i.e. Easy Paisa, Mobi cash, Omni..
•Unbanked sector has created an opportunity for
a large segment, based in remote areas
•Government looks keen to promote e-banking
•Future growth of e-banking in Pakistan
•As per Payment System Review 2017-2018;
•Future growth of e-banking in Pakistan
•As per Payment System Review 2017-2018;

Conclusion :
1. Increasing trend of use of electronic payment
system.
2. Rising awareness among general public
showed upward trend.

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