Online Banking: Issues, Benefits, And Opportunities

Byline: AIJAZ AHMED SHAIKH In the absence of online banking network during 1990s, most of the banking transactions in Pakistan were conducted at the bank branches in person and manually. The advent of information and communication technology and availability of faster and reliable internet connections since last decade have facilitated the development of e-banking channels in the country for conducting online transactions. Internet has made banking easier more efficient and allowed banks to offer newer services and innovative products to their consumers thereby further reducing the need to stop by a bank branch.