Islamabad: With fixed support from the Telenor Telecom Company and the leading platform in China for digital payments and services, Alipay (Ant Finance), as shareholders, Easypaisa, a prominent mobile wallet company in Pakistan, was all appointed to Fintech Revolution and Digital Transformation in Pakistan. .
On January 28, 2025, Easypaisa became the first digital retail bank in Pakistan to obtain commercial approval on digital banking operations from the Pakistani State Bank (SBP). The official license ceremony was held at SBP.
In a recent announcement, Irfan Wahhab Khan, CEO of Telenor, expressed his pride in this historical landmark of the Pakistani financial sector. Easypaisa has evolved to the first digital retail bank in Pakistan!
According to Gwadar Pro, the shift from a leading technology to a full digital bank represents a new chapter on our flight of financial inclusion.
From vision, Easypaisa has grown to a profitable institution, dealing with 9 % of GDP in Pakistan.
With 50 million registered users and one in four of the adult Pakistanis with the Easypaisa account, the company created one of the largest financial networks throughout the country.
The State Bank in Pakistan and the stakeholders thanked the insight.
“For our custom teams that dealt with PKR 9.5 trillion value in 2024 alone – make your commitment to excellence possible.
This teacher confirms our commitment to the digital future in Pakistan. Stay tuned as we offer innovative financial solutions that deserve the confidence of our customers. “
“Easypaisa’s evolution at a digital bank representing a great milestone in the scene of Pakistani financial services.
Easypaisa is the branch -free banking service for the Telenor Microfinance Bank, owned by Tuenor Group, one of the largest telecommunications companies in the world all over the northern European and Asia with 186 million customers, ANT group, a company affiliated with the Alibaba Group and the world’s leading world operator, Fatah Digital lifestyle platform, alipay.
The ANT Group in China has contributed greatly to the Pakistani financial sector by investing $ 184.5 million for a 45 % stake in Telenor Microfinance (TMB).
This partnership has strengthened the Easypaisa platform, making it the largest bank service without a branch in the country for individuals and small companies.
Cooperation aims to provide comprehensive financial services to non -banking population and exposed to banks in Pakistan.
By using Alipay technology, it provides transparent, safe, low -cost and effective financial solutions.
