Reference to the Federal Government’s Gazette Notification F.No.2 (1) IF-III/2010 dated December 23, 2021, the last date of exchange of demonetized old design banknotes from the field offices of the SBP Banking Services Corporation has been extended up till December 31, 2022.
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easypaisa, has elevated its service offerings by integrating the Raast P2M (Person to Merchant) payments system on its platform.
The State Bank of Pakistan’s (SBP) Raast P2M payment mechanism is designed to accelerate the digitization of merchant and business transactions nationwide. The service aims to facilitate and simplify digital payment acceptance for merchants and promote business growth. The strategic move by the SBP reflects a significant leap towards establishing a digital and financially inclusive economy.
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easypaisa, is bringing ease and convenience to its users this Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.
The initiative is part of the State Bank of Pakistan’s (SBP) QR code payment system under the Raast instant payment service, aimed at facilitating the public and traders alike during the sale and purchase of sacrificial animals.
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easypaisa, has signed an agreement with IGI Life and IGI General, laying the foundation for digital distribution of various insurance-based products, ensuring provision of ease and convenience to millions of Pakistanis.
The signing ceremony was attended by senior management of Telenor Microfinance Bank (TMB)/easypaisa & IGI General & IGI Life.
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Telenor Microfinance Bank (TMB) announced exceptional financial performance for the first quarter of 2024 (Q1’24). The Bank reported an impressive profit before tax of PKR 1.03 billion during Q1’24 compared to a loss before tax of PKR 185 million reported for the same period last year, solidifying its position as a pioneering force in the fintech landscape of Pakistan.
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Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa, announced its financial results for the year ended December 31, 2023, marking a remarkable turnaround with a profit before tax of PKR 1.2 billion. This impressive performance and the securing of the In-Principle Approval for a Digital Retail Bank license from the State Bank of Pakistan in September 2023 are a testament to the Bank’s digital transformation journey.
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easypaisa, Pakistan’s leading digital financial services platform, has launched the QR SoundBox, a portable device for payment alerts and notifications, to revolutionize digital financial services in Pakistan.
The QR SoundBox offers a seamless and efficient solution for merchants and customers alike. The portable device is equipped with a speaker for payment alerts and instant payment notifications.
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In a landmark collaboration, easypaisa, Pakistan’s leading digital financial services platform, and Knorr, Unilever’s biggest food brand, have joined forces to revolutionize the digital payments landscape.
This strategic partnership represents a significant milestone in the ongoing efforts to modernize and streamline the value chain for sampling initiatives, marking a significant step forward in leveraging technology to enhance convenience, accessibility, and affordability in digital payments.
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easypaisa, Pakistan’s leading digital financial services platform, has achieved remarkable success at the prestigious Dubai Lynx International Festival of Creativity, the MENA region’s premier event for the advertising and communications industry.
easypaisa’s groundbreaking “Audio Nikahnama” campaign clinched an impressive 3 Gold and 2 Bronze awards, with a total of 10 shortlists out of 19 categories entered. The Gold awards were received for the Glass Award for Change, Radio & Audio: Social Behavior and Cultural Insight, and Integrated Campaign. The Bronze awards were won in the Media: Social Behavior and Cultural Insight and Digital: Consumer Services/Business to Business categories.
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Bank Alfalah, one of the largest commercial banks in Pakistan has partnered with easypaisa, Pakistan’s leading digital financial services platform, to enable customers to conveniently collect international remittances into their mobile wallets.
This collaboration aims to simplify international remittance processes and provide ease and convenience to millions of customers. Users will now be able to seamlessly collect international remittances in their mobile wallets through over the counter (OTC)-to-wallet conversion.
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Telenor Microfinance Bank (TMB) and Ericsson have strengthened their partnership and commitment towards financial inclusion and empowerment in Pakistan by signing a multi-year extension of their partnership to propel easypaisa’s financial services offerings and expand the horizon of their service portfolio within the fintech sector.
Ericsson’s leading fintech solution, the Ericsson Wallet Platform, will support TMB in its journey towards a Digital Bank (subject to regulatory approvals) by offering a wide range of new and innovative digital financial services in Pakistan.
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: easypaisa, Pakistan’s leading digital financial services platform, introduces its latest breakthrough offering, the ‘Savings Pocket’. This revolutionary feature is not just about saving funds; rather it aims to provide users financial freedom through secure goal-based savings and streamlined financial management, eliminating the need for conventional, cumbersome methods.
easypaisa’s unique product offering challenges the outdated norms that force users to resort to unconventional methods for keeping their money safe. ‘Savings Pocket’ embodies easypaisa’s commitment to financial inclusivity and empowerment, providing a practical solution that aligns with modern lifestyles.
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easypaisa has just created ripples across the financial services industry. In a historic move that shatters taboos and empowers women, Pakistan’s leading digital financial services platform has unveiled the “easypaisa Audio Nikahnama”, a groundbreaking initiative that provides women unprecedented access to their crucial matrimonial rights. This first-of-its-kind innovation in Pakistan leverages the power of technology to overcome literacy barriers and ensure education of the most important contract of life’s most significant moments.
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Following recent news regarding Telenor Pakistan, Telenor Microfinance
Bank (TMB) and its flagship platform, easypaisa, would like to assure our valued customers that
our operations remain unaffected. TMB and easypaisa are not part of the recent transaction,
and your deposits are completely secure.
We are an independent financial institution, licensed and governed by the State Bank of
Pakistan (SBP). Our dedicated shareholders, Telenor B.V. and Ant Group, remain fully
committed to TMB’s ongoing transformation into a Digital Retail Bank, subject to regulatory
approvals. This commitment ensures a bright future for our customers and employees, offering
a wider range of products and services within a robust digital banking framework.
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Easypaisa, Pakistan’s leading digital financial services platform, has partnered with Unikrew and the United States Agency for International Development (USAID) to empower women through groundbreaking and innovative financial solutions. This collaboration aims to integrating women-centric products within the easypaisa app, leveraging digital technology to enhance financial inclusion and independence.
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Pakistan’s leading digital financial services platform easypaisa and Telenor Pakistan have joined forces to solidify their commitment towards advancing innovation in the realm of digital financial services. Through this renewed partnership both entities will focus on development of cutting-edge solutions, aimed at fostering a broader acceptance of digital financial services throughout the country, ensuring ease and convenience for customers.
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In honor of World Breast Cancer Day, easypaisa, EFU Life Assurance Ltd., and Roche joined forces to unveil an innovative “Cancer Cover Plan.” This pioneering initiative reflects the partners’ unwavering commitment to providing individuals and families with vital support and financial security during one of life’s most formidable challenges. The plan assures access to dedicated patient support and complementary cancer medication through Roche’s Unmol Patient Support Program.
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Easypaisa, Pakistan’s leading digital financial services platform has launched easypaisa Karobar powered by Dukan, a platform designed specifically to address unmet banking needs of two million retail merchants across the country. Being Pakistan’s first digital banking app for retailers, easypaisa Karobar enables merchants to manage their financing needs digitally, reduce operational complexities, and become part of the digital economy.
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Telenor Microfinance Bank, operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) under the Licensing and Regulatory Framework for Digital Banks. This remarkable achievement positions TMB as a digital bank poised to offer a wide array of exciting financial services primarily through digital channels, revolutionizing the digital banking experience for millions of Pakistanis.
The SBP hosted a ceremony in Karachi to officially grant In-Principle Approval to five banks, including TMB. The event saw the presence of sponsors of other DRBs, incumbent bank CEOs, financial institutions, fintechs, SBP’s top management, as well as TMB’s senior management and shareholders, including Kashif Ahmed, Acting CEO, Amna Abbas, CLO, Solomon Jamin, Vice President, Investment Management, Telenor Asia, and Douglas Feagin, Senior Vice President, Global Strategic Partnerships and Investments, Ant Group.
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Easypaisa and foodpanda have joined hands to introduce seamless payment options for customers. Users will now be able to pay for their orders directly through their easypaisa wallet.
This partnership empowers millions of easypaisa customers to conveniently order meals from the foodpanda app and make payments directly from their easypaisa mobile accounts. The integration of easypaisa’s payment gateway ensures a secure and hassle-free user experience, eliminating any dependency on cash.
Through pre-payments via easypaisa, customers can also place orders on behalf of friends, family, or colleagues. This feature not only simplifies group orders but also supports the more extensive societal shift towards digital transactions.
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Easypaisa, Pakistan’s leading digital financial services platform, has once again solidified its position as one of the country’s most prominent brands, securing four Effies at the recently held prestigious Effie Awards, 2023.
Out of the seven nominations received, easypaisa emerged victorious in four categories, reaffirming its leadership in financial services and marketing effectiveness. These accolades, including one gold, one silver, and two bronze awards, highlight exceptional performance in highly competitive domains. Notably, easypaisa stood as the sole nominee in the Finance category to achieve victory.
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Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, has reported its financial results for Q1 2023, showcasing a strong performance despite challenging economic conditions. TMB’s unaudited financial statements indicate a significant increase in its revenue, with the bank achieving Positive EBTDA during the quarter and Profit after tax for the month of March 2023 becoming the first digital platform in Pakistan to achieve Scale and Profitability.
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Easypaisa, Pakistan’s leading digital payments platform has launched a Visa Debit Card for their millions of customers across Pakistan.
This Visa Debit Card is linked directly to the customer’s easypaisa account and enables the user to make payments at any of the 90,000+ card accepting POS merchants in the country or withdraw funds from any of the 16,000 ATMs nationwide.
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Easypaisa, Pakistan’s leading digital payments platform has partnered with Faysal Funds (Faysal Asset Management Limited), one of the fastest-growing Asset Management Companies in the industry, with an aim to boost the collective vision of financially empowering all Pakistanis, especially when it comes to investments and saving for their future.
This collaboration will open new avenues into the untapped market of more than 14 million easypaisa customers. To facilitate investors across Pakistan, Faysal Funds has embraced digital transformation of the Asset Management Industry and has introduced fund management through a mini app integrated directly in the easypaisa app.
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On 29th November 2022, Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital payments platform Easypaisa, has received US$ 15 million (PKR 3.4 billion) equity injection from its shareholders Telenor Group and Ant Group. This is the first tranche of a total investment of US$ 30 million planned by the shareholders to support the latest business plan.
This tranche brings the total equity invested by the shareholders since 2018 to USD 305 million. The investment has further strengthened the Bank’s capital position and placed the organization on an upward trajectory to continue its growth in Pakistan’s digital finance space.
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In a move that will reshape the way consumers get access to digital financial services, Easypaisa, Pakistan’s leading digital payments app has launched an industry first Credit Score Visibility feature for its users. This innovative product will eventually open a plethora of exciting opportunities for customers and educate them on the best financial management practices.
Only customers eligible for Easycash loans will be able to view their Easypaisa Credit Score from within the app. Through this new feature, consumers can learn about their credit score and the impact of their digital payment behavior, credit profile if visible, their savings and subscriptions.
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Easypaisa, Pakistan’s leading digital payments app, has partnered with the Bank of Khyber to ensure seamless distribution of funds to beneficiaries in KPK under the Insaf Food Programme.
Through the strategic partnership, beneficiaries of the programme will be able to receive PKR 2100 every month in their Easypaisa mobile wallet or collect cash from any Easypaisa agent to meet their essential food related needs. The programme shall benefit more than five million people in the province, costing PKR 25.5 billion annually.
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Easypaisa, Pakistan’s leading digital payments platform, has introduced yet another innovative feature enabling users to earn daily profits through a single click. Easypaisa users can now use the in-app savings product to earn a percentage on their existing account balance every day.
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Easypaisa, the country’s leading digital payments App, has introduced an innovative feature that enables users to upgrade their mobile wallet accounts through in-app biometric verification. A key regulatory requirement, Biometric Verification System (BVS) also enhances users’ daily, monthly and yearly transaction limits.
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Easypaisa, the country’s leading digital payments app, has partnered with Board of Intermediate and Secondary Education (BISE) Gujranwala to facilitate digital fee payments for students. Through the partnership, students who appear for respective exams under BISE Gujranwala will have the convenience to make fee payments including but not limited to Secondary School Certificate and Higher Secondary School Certificate exams, Gazette, Certificate/DMC verification, and miscellaneous fees through the Easypaisa App or their nearest Easypaisa agent. This collaboration is another addition to the diverse portfolio of payment options available to Easypaisa users.
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Easypaisa, Pakistan’s leading digital payments App has partnered with Qisstpay, Country’s fastest growing retail payment solutions service in a first-of-its-kind 1 Click Checkout integration to facilitate convenient and secure digital payments at Qisstpay partner merchants across the country. The partnership will enable customers opting to pay their Qisstpay installment payments faster through their Easypaisa App in real-time, without any extra fee.
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Easypaisa, the country’s leading digital payments platform, has partnered with the Federal Board of Intermediate and Secondary Education (FBISE) to digitize the conventional fee collection mechanism. FBISE is a unique entity amongst the Public Sectors organizations with the potential of compatibility to meet the requirements of modern modes of financial transactions. This collaboration, which materialized due to the robust nature of both parties, will enable all fee payments related to FBISE to be paid seamlessly through the Easypaisa platform.
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Easypaisa, Pakistan’s No. 1 Payment App, has launched a self-service customer support option for its users from within the Easypaisa App. This new feature now enables users to resolve a variety of problems and get responses to their queries instantly without the need of calling the Easypaisa helpline. Customers using the Easypaisa App will now be able to use this support menu to instantly block their own Easypaisa Accounts for security purposes, update their account credentials as well as their Nadra verification details as well as make changes to their Money Transfers sent to CNICs by correcting the CNIC details or by reversing the Money Transfers to a CNIC completely.
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In continuation of its efforts to improve and simplify customer experience, Easypaisa, Pakistan’s No.1 Payments App has added new features into its Money Transfer product. Based on extensive user research, a completely new interface provides brand new and convenient user journeys for Easypaisa users to continue to send and receive funds to other Easypaisa customers, any Bank Account or to any person’s CNIC.
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Easypaisa, Pakistan’s leading digital payments platform has partnered with Barwaqt, an evolving instant loan disbursal service. Through this partnership, Barwaqt’s loan collection and disbursement processes will be digitized through Easypaisa’s best-in-class financial solutions. This partnership is the latest in a series of seamless integrations done by Easypaisa through its open API platform.
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Easypaisa, Pakistan’s leading digital payments platform, has partnered with Munsalik Digital (MDPL) to streamline the latter’s operational capabilities. Through this partnership, Munsalik will be able to disburse and collect loan repayments through Easypaisa’s widespread branchless banking network, thereby introducing efficiencies, process standardization and improving the customer’s journey. MDPL has been digitizing the customer on-boarding process for microfinance institutions via a loan management system (LMS) and this partnership with Easypaisa will help in providing seamless integration through open APIs.
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Easypaisa, Pakistan’s leading digital payments platform, has introduced a convenient service for individuals and sole proprietor merchants who have a need to collect digital payments from their customers. Using the existing Easypaisa App, customers can now signup as an Easypaisa merchant instantly and start collecting instant payments from other Easypaisa customers using QR codes. This digital merchant sign-up process is in-line with the State Bank of Pakistan’s regulations, and offers instant fund settlement and a separate dashboard visibility, all through the existing Easypaisa App.
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Telenor Microfinance Bank, operator of Pakistan’s leading digital payments platform Easypaisa, has gone live on Temenos’ modern core banking platform with NdcTech to power its digital banking services. By employing Temenos best-in-class solution and NdcTech’s implementation expertise, Telenor Microfinance Bank will be able to innovate faster and provide customers with much-needed access to digital savings accounts and micro-loans. Additionally, this solution will enhance controls, increasing the bank’s ability to comply and achieve operational excellence.
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Continuing its efforts to provide convenient digital payment options to customers, Easypaisa, the country’s leading digital payments App, has added a much-needed service to its portfolio. All Pakistanis eligible for COVID-19 vaccinations can now pay for their vaccination certificate through their Easypaisa wallet.
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Living up to its ambition of driving innovation through collaboration, Easypaisa, Pakistan’s leading digital payments platform, has partnered with The Coca-Cola Company to enable cashless prize disbursements to winners of the ‘Peel and Win’ campaign.
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Easypaisa, Pakistan’s leading digital payments platform, has once again joined hands with Pakistan Cricket Board (PCB) to revel with the nation as international cricket comes to Pakistan. The flag-bearer of Pakistan’s fintech revolution has become an Official Associate Partner for the upcoming New Zealand and England international cricket series.
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Easypaisa, Pakistan’s leading digital payments platform, continues its efforts to introduce ground-breaking innovations through its first ever ‘digital-first’ marketing campaign. From concept to execution, the campaign is planned based on learnings and digital analytics that Easypaisa has accumulated over the years. Shot in a vertical frame to customize its viewership specifically for smartphones, the campaign is the first of its kind to adopt a unique and innovative take on advertising.
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Easypaisa has partnered with DigiKhata, an emerging bookkeeping service, for merchants and retailers to enable collection, disbursements and record-keeping of payments amongst on boarded merchants and their suppliers. Easypaisa will facilitate DigiKhata through its payments mechanism by integrating API (Application Programming Interface) use cases allowing them to collect funds from a list of registered merchants while also disbursing payments to them and their related parties.
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Easypaisa, Pakistan’s leading digital payments platform, celebrated Independence Day by reaffirming its commitment towards the growth and prosperity of the nation by driving financial inclusion. A flag hoisting ceremony was held at the organization’s office in Islamabad with colleagues joining in from across the country. At the event, Pakistan’s flag was raised by CEO, Telenor Microfinance Bank / Easypaisa, M. Mudassar Aqil in presence of the Bank’s Leadership Team.
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Easypaisa, Pakistan’s leading digital payments platform, has once again established itself as one of the country’s biggest brands by bagging seven accolades at the prestigious Effie Awards 2021. Easypaisa won 4 gold awards for its ‘Eidipaisa’ campaign in the categories of Seasonal Marketing, Topical Marketing, Marketing Disruptors and Finance categories, a gold and silver award in the Finance category for its ‘Every Number is Welcome’ and the ‘Phatta Note’ campaign respectively, as well as a bronze award for the ‘Easypaisa Raahi’ series in the Marketing Disruptors category.
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Telenor Microfinance Bank has joined hands with a new global partnership to harness the power of green consumer behaviours in order to enhance biodiversity and climate efforts. The ‘Every Action Counts’ (EAC) coalition is launched by the Green Digital Finance Alliance (GDFA), funded by the Finance for Biodiversity (F4B) initiative of the MAVA Foundation.
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In light of the International Day of Micro Small and Medium Enterprises (MSMEs), celebrated around the world on June 27th every year, a Digital Dialogue was organised on ‘Digitizing MSMEs for a Digital Pakistan’. The session shed light on how digitization can work towards transforming the current financial ecosystem for micro and small enterprises across Pakistan.
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Easypaisa, Pakistan’s leading digital payments platform has been facilitating seamless digital payments for more than a decade and one of the most important services available is utility bill payment. Today, Easypaisa offers more than 240 unique bill payment options and in the first five months of 2021, customers have paid 32 million bills worth PKR 56 billion through the Easypaisa platform.
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K-Electric (KE), Karachi’s electricity provider and Easypaisa, Pakistan’s leading provider of digital financial services have partnered together to extend a convenient and hassle-free bill payment solution for the power utility’s customers.
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Easypaisa, Pakistan’s leading digital payments platform, has once again been at the forefront of empowering a shift towards digital payments. The platform facilitated 97,000 transactions amounting to PKR 23 million during the month of Ramadan.
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Easypaisa, Pakistan’s most used payments App is at the forefront once again to empower customers with appropriate services to help those in need. Amidst rising cases of Covid-19 during the third wave, donations through Easypaisa are safe and convenient for users, especially during the holy month of Ramadan when a spike is witnessed in the number of donations and charity given by people.
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Easypaisa, Pakistan’s leading digital payments platform, has inked an agreement with the Board of Intermediate and Secondary Education (BISE), Saidu Sharif, Swat to bring convenient fee payment solutions to students of the region. This service will simplify fee payments including but not limited to Secondary School Certificate and Higher Secondary School Certificate exams, Gazette, Certificate/DMC verification, and miscellaneous fees.
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February 23, 2021: Easypaisa, Pakistan’s leading digital payments platform is transforming customer experience with WhatsApp channel support. This initiative enables users to access an interactive, automated support channel 24/7on a dedicated WhatsApp number +923411103737. With instant replies and the ability to operate without any available human interaction coupled with pre-defined interaction rules to facilitate users, Easypaisa’s WhatsApp support is a first of its kind initiative for any branchless banking player in Pakistan.
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Pakistan’s digital ecosystem is rapidly evolving and Easypaisa, the country’s leading digital payments platform, is playing its role in this change through collaboration and technology. As part of its ambition of transforming the society, Easypaisa organised AppCon 2020, its flagship intervarsity app design competition involving some of the most prominent universities in Pakistan like IBA, NUST, FAST, LUMS and GIKI to highlight the potential of progressive app development within the country.
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As the new year brings with it hope for better times to come, Telenor Microfinance Bank has taken it as an opportunity to further strengthen its ambition to enable a truly digital Pakistan. The Bank remains steadfast on a mission to transform Pakistan into a cashless and financially inclusive society through the power of collaboration and technology.
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Easypaisa, Pakistan’s leading digital payments platform, is continuously adding new features to bring ease and convenience to its users. From sending money over long distances to remotely topping up airtime to bill payments, the platform has revolutionized payments. Now, Easypaisa has taken another step towards a digital ecosystem by adding a diverse range of government fee payments to its platform, thus enabling users to pay dues to the government with just a few taps from their mobile phone.
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As 2020 comes to an end, Easypaisa is spreading joy amongst its users with a chance to win amazing prizes through Easypaisa Appbash which is currently live on the digital payment platform’s social media pages. In addition to enjoying simple, safe and convenient payments through Easypaisa QR, users can now enter a lucky draw for a chance to win iPhone 11, Redmi 9 smartphone, iPad, AirPods, a brand new LED TV or a motorcycle among numerous other prizes in weekly giveaways.
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Easypaisa, Pakistan’s leading digital payments platform has yet again added another feather to its cap by winning the Emerging Payments Award 2020 for the ‘Best Financial Inclusion Payments Initiative’. The renowned mobile banking platform was one of the two winners, out of four contestants, to bag the awards.
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Imagine you’re on your way to work and, as you are driving, your eyes roll on the fuel indicator and you realize that you must stop by at the nearest petrol station. You get the tank refilled hastily as you have a crucial meeting planned ahead. You reach for your wallet and it strikes: you forgot to put your debit card back after you used it last night. Now, you are in the middle of nowhere. The same thing could happen when you’re at a restaurant, a mall, a hypermarket, or a convenience store.
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Easypaisa, Pakistan’s leading mobile payment service has come up with yet another convenience for customers who already have a Bank Account in Pakistan. Now, such customers can use the Easypaisa App and pull funds conveniently into their Easypaisa mobile accounts by saving their 3D Secure Debit Cards enabled for online transaction and issued by any Bank in Pakistan at absolutely no additional cost. Ever since the COVID-19 outbreak in Pakistan, getting funds into the Easypaisa Mobile Account has been a considerable challenge for customers. Many markets were closed and visiting crowded Easypaisa shops and handling physical currency notes was an even bigger risk.
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Easypaisa users can now conveniently pay their Vehicle Token Tax through the Easypaisa App for vehicles registered with Punjab, Islamabad or Sindh Excise Departments. The Easypaisa App is the leading digital payments app in the country making vehicle tax payments easy and hassle-free. Customers can now avoid travelling outside of their homes and waiting in long queues especially during these challenging times and make the necessary payments from their fingertips in a matter of minutes.
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Easypaisa, Pakistan’s flagship digital payments platform has joined hands with NADRA Technologies Limited (NTL) to provide cross-platform services on NADRA e-sahulat networks enabling convenient access to digital financial solutions. Under the partnership, all 12,000 NADRA e-Sahulat centers across the country will now also provide a host of Easypaisa services.
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Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country’s leading digital payments platform Easypaisa, has received an investment of US$45 million from its shareholders Telenor Group and Ant Group Co., Ltd. (Ant Group). The investment by the shareholders has further strengthened the Bank’s capital position and placed the organization on an upward trajectory to continue its growth in the mobile payment space of Pakistan.
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Easypaisa, Pakistan’s premier digital payments platform, signed an agreement with the Rawalpindi Chamber of Commerce and Industry (RCCI) to enable collection of payments for the organization in a convenient and simplified manner. The agreement was recently signed by Khurram Malik, Head of Easypaisa, Telenor Microfinance Bank and Saboor Malik, President, RCCI at the latter’s headquarters. Member businesses of RCCI can now make their fee payments through Easypaisa, thereby opening a new horizon for digital transactions.
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Easypaisa, Pakistan’s leading digital financial services platform, is now enabling 7 million Sui Northern Gas Pipeline Limited (SNGPL) customers to pay their monthly dues directly through the SNGPL App using their Easypaisa mobile account or through 150,000 Easypaisa agents across Pakistan. Easypaisa is the exclusive payment platform for one of the biggest utility companies in Pakistan and is allowing customers to enjoy hassle-free payments anytime, anywhere.
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Easypaisa, the country’s leading branchless banking platform has revamped the utility bills payment section of its App. New features have been introduced along with the addition of various billers such as government payments, educational institutes’ fee payments and credit card payments to make bill payments easier than ever.
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Easypaisa, Pakistan’s leading provider of digital financial services is proud to become the associate partner of the Pakistan Cricket Board for Pakistan men’s national cricket team’s tour of England. The Pakistan men’s national cricket team will don the Easypaisa logo on all their playing kits for the Test and T20 series during the contest starting from August 5th, 2020.
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Telenor Microfinance Bank has reported revenue of PKR 18 billion for the financial year ended December 31, 2019. This was led by an impressive expansion in the branchless banking customer base of the Bank’s Easypaisa wallet. A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018. During the year 2019, the Bank continued to develop its capacity to become a major player in the digital payments space. It invested PKR 8 billion towards building a more robust payment and lending platform enabled through technology that will be able to serve millions of individual and small enterprise businesses by giving them access to financial services digitally.
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Easypaisa, Pakistan’s leading digital payments platform has marked the International Day of Family Remittances by celebrating with customers who use the service to send and receive remittance payments around the world. Easypaisa along with its network of partners spread across the world is enabling people to send and receive remittance in a digitally secure and convenient manner.
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Easypaisa, Pakistan’s leading digital payments platform, has partnered with Eat Mubarak to expand the already diverse range of offerings available to its customers. Easypaisa users can now conveniently order food from their favourite restaurants through the Easypaisa Mobile App. The feature is aimed to provide ease of access and freedom to people while using Easypaisa as it continues to broaden the number of services which can be availed directly through the App.
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In September 2019, the management of Telenor Microfinance Bank detected cases of collusion to commit fraud between employees and people outside the Bank in a few branches of the Lahore region. After immediately notifying the regulator and law enforcement agencies, an investigation was conducted across all branches nationwide. The investigation has found credit irregularities with policy violations among a large number of employees across various branches. This is unacceptable to Telenor Microfinance Bank.
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Easypaisa, the country’s leading branchless banking solution and Ruba Digital (Pvt.) Ltd. (RD), the largestand fastest growing electronic multi-brand retail chain network in Pakistan have recently collaborated to digitize the process of payment collection from RD customers. It is another milestone in Easypaisa’s journey of bringing convenient digital financial solutions to users through partnerships with prominent organizations in the country.
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Easypaisa, Pakistan’s leading digital financial services provider, is joining its millions of customers across the country in sharing the blessing of this prestigious occasion Eid‐ul‐Fitr. The Easypaisa app now provides users with an ‘Eidi” feature that allows them to send personalized eidi to all their loved ones throughout the country. The brand logo for the app is also changing to ‘Eidipaisa’ depicting the beginning of the festive season for all Muslims. Customers can stay home and stay safe while still celebrating Eid with loved ones spreading care digitally this year.
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Easypaisa, Pakistan’s leading mobile banking platform operated by Telenor Microfinance Bank, has initiated an extensive drive to facilitate Small and Medium Enterprises in Pakistan especially during the current COVID19 crisis. Easypaisa has launched its ‘Easy Business’ portal to facilitate SMEs across the country to raise awareness about the products and services provided by the Bank while also enabling small businesses to submit their requirements to avail access to a suite of state‐of‐the‐art financial services.
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Easypaisa, Pakistan’s leading mobile platform, is offering easy and convenient international remittance services to provide much needed relief to consumers amid the difficulties caused due to the Covid‐19 outbreak. Through digital partners including Xpress Money (Worldwide), Valyou (Malaysia), Small World (Europe), Hello Paisa (Africa) and Rocket Remit (Australia), Easypaisa users can now receive international payments directly into their Easypaisa mobile accounts.
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Telenor Microfinance Bank’s mobile banking platform, Easypaisa has been awarded by Global Finance Magazine as ‘The Innovators 2020’ in the field of Payments. The Easypaisa App has been recognized for consistent efforts in forging new paths and introducing distinct yet sophisticated tools to tackle modern issues in finance.
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Telenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa have been empowering the lives of Pakistani citizens and leading the digital revolution by providing convenient payment solutions to users even during these challenging times.
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Corona Health Services, one of the most affordable health packages in the country that provides exclusive access to Corona Tele-Doctor Helpline and comprehensive coverage including up to PKR 50,000 in Coronavirus hospitalization charges is now available on Easypaisa, Pakistan’s leading digital platform. The third-party service is being offered to all Easypaisa customers at lower than market rates.
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Easypaisa, the country’s leading payments solution and Seed Out, an innovative crowd funding platform which provides entrepreneurial solutions to the underprivileged , have recently collaborated to digitize the process of payment collection from the latter’s beneficiaries. It is yet another milestone in Easypaisa’s journey of bringing digital financial solutions to its users through partnerships with prominent organizations in the country.
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Easypaisa, Pakistan’s leading digital payment solution is expanding the experiences on offer for users by allowing them to be part of the PSL fever at its peak. The PSL Official Fantasy League can now be played through the Easypaisa App. Cricket enthusiasts can create their own virtual teams and earn points throughout the season along with chances to win lucrative prizes at the end of the tournament.
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Easypaisa, Pakistan’s leading digital payments platform and GoLootlo, the country’s first and largest QR-based discount app have expanded their partnership by directly integrating GoLootlo services within the Easypaisa App.
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KARACHI: Telenor Microfinance Bank (TMB), Pakistan’s leading microfinance bank has signed an agreement with NdcTech, a partner of Temenos. With this agreement, the Bank is upgrading its core banking system to achieve operational excellence, rapidly launch new innovative products, streamline its banking operations and business processes that will lead to better customer service and sustainable growth.
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Easypaisa, the country’s leading digital payments platform has partnered with Airlift Technologies; the first decentralized mass transit service in Pakistan, to allow quick, easy and cashless payments for passengers around various routes available across Karachi and Lahore.
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Easypaisa, Pakistan’s leading mobile financial services platform has been featured on YouTube’s Asia-Pacific (APAC) Ads Leaderboard for its creative advertisement which has accumulated 19 million views and 17 thousand likes. The ad introduces Easypaisa’s new logo and identity.
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Telenor Microfinance Bank’s APPCON 2019 is a digital application development initiative for aspiring individuals in the country. The event invited submissions from leading universities across the country. 3 teams were shortlisted from FAST, IBA and NUST with the winners given cash prizes and an opportunity to qualify for the final round of the Management Trainee/Internship Program 2020. Telenor Microfinance Bank’s APPCON 2019.
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Telenor Microfinance Bank (TMB), Pakistan’s leading microfinance bank and Pakistan Bait-ul-Mal signed a Memorandum of Understanding for the promotion of financial knowledge in women of the country. Under the agreement, the Bank will train women on the basics of performing various financial transactions through digital and conventional channels as well as accessing credit services hassle-free.
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Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, has received a second tranche investment of US$70 million as part of a strategic partnership agreement between Telenor Group and Ant Financial Services Group (“Ant Financial”), to further develop TMB’s mobile payment and digital financial services.
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Telenor Microfinance Bank (TMB) announced that it was relocating its head office to a new purpose built location on main Khayaban e Nishat, Defence Housing Authority, Karachi. The Bank’s head office was previously located at K.C.H.S Union. The move comes in wake of the Bank’s expanding customer base and services and the new location will serve the purpose effectively.
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As part of the CEO Partnership for Economic Inclusion (CEOP), Pakistan’s leading financial institution, Telenor Microfinance Bank, and PepsiCo, the leading food and beverage company, signed a Memorandum of Understanding for the launch of Merchant to Distributor payments. The two companies signed the contract in the presence of H.M. Queen Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). She visited Pakistan for three days to discuss the importance of safe and affordable access to financial services to improve the economic lives of people. Senior officials from both organizations were also present at the signing.
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Dr. Tariq Masood, Joint Secretary, Ministry of Science and Technology, Government of Pakistan, recently visited the office of Valyou, a financial technology subsidiary of Telenor Group in Kuala Lumpur, Malaysia. He was briefed about the partnership between Easypaisa and Valyou for promoting remittances transactions to consumers in Malaysia and Pakistan.
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All of us aspire to be mentored by the leaders of the industry and work amongst bright minds that are driven by a vision to bring about social empowerment through innovation in technology. Telenor Microfinance Bank (TMB), the leading microfinance institution of Pakistan, recently brought an opportunity for young, dynamic, and highly motivated individuals from across Pakistan to join its team as Management Trainees and prepare to contribute significantly to the country’s ongoing fin-tech revolution.
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Telenor Microfinance Bank and Samsung Electronics have signed a Memorandum of Understanding (MoU) for disbursement of payments to Samsung’s channel partners through the bank’s digital banking service, Easypaisa. The partnership will enable Samsung Electronics to make payments to its retailers using Easypaisa’s reliable and secure network.
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Telenor Microfinance Bank, Pakistan’s leading microfinance bank has collaborated with Takaful Pakistan Limited, one of the leading Shariah compliant insurance companies to enable safe, secure and convenient access to payments through Easypaisa, Pakistan’s first digital financial service for Takaful customers.
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The Board of Directors of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank’s new CEO. He will officially join the bank on 1st November, 2019, subject to all regulatory approvals.
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Easypaisa, Pakistan’s first digital lifestyle enabler, handed over a new car to Maqsood Ahmed, the winner of its ‘Grand Eidi Campaign’. The keys of his new Honda City car were presented to him by Aslam Hayat, Acting CEO, Telenor Microfinance Bank.
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Easypaisa, as part of its commitment towards a more financially inclusive Pakistan, in collaboration with a third party service provider is working to ensure customer wellbeing at affordable prices. This health service will be available for mobile users and will help increase access to healthcare while reducing healthcare costs.
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Easypaisa, the first and largest mobile financial service provider in the country has entered into an agreement with Haidri Beverages Pvt. Ltd. and Northern Bottling Co. Pvt. Ltd. for disbursement of retailer commissions through Easypaisa’s cashless distribution solutions. Haidri Beverages and Northern Bottling are the largest franchisees of Pepsi Cola International, covering the entire AJK region, KPK, Gilgit-Baltistan, Federal Capital and Northern Punjab.
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Telenor Microfinance Bank (TMB) and Pakistan Tobacco Company Limited (PTC) have signed a Memorandum of Understanding (MoU) to digitize retailer to distributor payments. This understanding will go a long way in developing a safe, secure and robust cashless digital payments ecosystem for retail and distribution channels. Furthermore, in line with the bank’s financial inclusion goals, the MoU will eventually allow small retailers who lack access to credit to avail Easypaisa loans thereby encouraging the unbanked to become part of the formal banking system.
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Aiming to further its efforts towards bringing the unbanked and underbanked into the fold of financial services, Pakistan Microfinance Network (PMN) has signed an agreement with Telenor Microfinance Bank (TMB), in the presence of the management of both institutions, to digitize Pakistan’s microfinance industry through ‘Digital Services Platform (DSP).’
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Easypaisa, the first and largest mobile financial services (MFS) provider in the country, has joined hands with Zong 4G, Pakistan’s No.1 Data Network, to provide direct integration between Easypaisa and Zong 4G. This collaboration between the two companies who have been recognized for their digital innovations will enhance consumer experience with superior value, convenience and promises to be a catalyst for the vigorous growth of the mobile and branchless banking industries in Pakistan.
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Easypaisa, the first and largest mobile financial service (MFS) provider in the country, in collaboration with Careem, a leading ride-hailing app of the region, offers users the ability to ‘Top Up’ their Careem wallets conveniently via the Easypaisa app. Users will have the convenience of digital payments and will also get extra value added every time they ‘Top Up’. This move is aimed at further driving the cashless ecosystem in Pakistan.
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Pakistan’s leading microfinance institution, Telenor Microfinance Bank (TMB) has joined hands with TOTAL PARCO Pakistan to provide Easypaisa services and fuel payment solutions at all TOTAL PARCO fueling stations located throughout Pakistan. This service will allow Easypaisa customers to conveniently pay for fuel through QR/Till numbers at TOTAL PARCO stations. In the second phase these fuel stations will be enabled with the complete suite of Easypaisa financial services.
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As a way of further bolstering its long-standing efforts to reach out to members of underprivileged sections of society, Telenor Microfinance Bank, one of Pakistan’s leading microfinance bank, aims to serve the unbanked and under-banked members of society as well as empower them by delivering quality financial services, thereby paving the way for greater financial inclusion. The bank has announced its new brand position ‘uthao pehla qadam’, which is a direction towards enabling its customers to develop the confidence they need to take the first step towards becoming financially independent.
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Easypaisa has entered into an agreement with Artistic companies, Artistic Fabric & Garment Industries Pvt. Ltd. (AFGI) and Artistic Apparels (AA) for salary disbursement through Easypaisa Mobile wallet services. Artistic is one of the biggest names in denim manufacturers in Pakistan, supplying denim products to leading multinational brands globally.
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Strengthening its market standing as the nation’s preferred banking institution, Telenor Microfinance Bank (TMB) has won the 13th Citi Microentrepreneurship Awards – Most Innovative MFI award. The award ceremony was held at a local hotel in Islamabad recently. It was attended by representatives of the banking sector, regulators, financial institutions, stakeholders and media personnel.
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The Board of Directors of Telenor Microfinance Bank has appointed Aslam Hayat as acting CEO, following the resignation of Shahid Mustafa. The outgoing CEO Shahid Mustafa tendered his resignation and will officially step down from his role as CEO on 31st May, 2019.
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The Board of Directors of Telenor Microfinance Bank has appointed Aslam Hayat as acting CEO, following the resignation of Shahid Mustafa. The outgoing CEO Shahid Mustafa tendered his resignation and will officially step down from his role as CEO on 31st May, 2019.
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Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry leading blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”).
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In view of the latest wave of cyber-attacks that has shocked the local banking system, Telenor Microfinance Bank has comprehensively reviewed and tested its security systems to find that no attempt was made at breaching the Bank’s systems.
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As part of its commitment towards providing youth access to quality financial services and creating a more financially inclusive Pakistan, Telenor Microfinance Bank, through its Easypaisa mobile payment and lifestyle platform, has announced its latest initiative to equip universities and colleges with state-of-the-art QR payment systems.
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In continuation of its effort to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of 2015 and the Strategic Goals of SBP’s vision 2020,Telenor Microfinance Bank has launched ‘Easypaisa Loan’, the country’s first ever Digital Nano Loan. The loan is processed and transferred to the customer’s Easypaisa account (mWallet) within 2 minutes conveniently without the need to visit a branch or fill out paperwork.
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The senior management of Telenor, comprising Telenor Group CEO Sigve Brekke, Telenor Microfinance Bank President & CEO Shahid Mustafa, and Telenor Pakistan CEO Irfan Wahab Khan, met with Alibaba CEO Jack Ma and Ant Financial CEO Eric Jing, besides other senior officials from Alibaba Group and Ant Financial in China’s city Hangzhou, last week.
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In continuation of its efforts to improve and simplify customer experience, Easypaisa, Pakistan’s No.1 Payments App has added new features into its Money Transfer product. Based on extensive user research, a completely new interface provides brand new and convenient user journeys for Easypaisa users to continue to send and receive funds to other Easypaisa customers, any Bank Account or to any person’s CNIC.
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