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Current Scenario of Electronic Banking in Pakistan. Pakistan is widely considered to be in the Third Wave of developing economies that include countries in Asia, Latin America, the Pacific Islands and the Middle East. These countries started to adopt the Internet from around 1993. Almost all have a state monopoly over the telecommunications.
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The internet banking facilities that are provided in India seem to be far fewer than those that are provided in developed countries like USA, UK, Australia, etc. there seem to various legal issues that mostly seem unaddressed with regard to internet banking such as the jurisdiction within which the contended transaction would fall under, the issue with regard to protection of privacy of the.