According to the recent news Easypaisa is soon going to be redirected to Tameer Bank.

Telenor Group acquired Tameer Bank last year. this year the Easypaisa management will be transferred to Tameer Bank.

With the time and technological development the people of Pakistan have been attracted towards the branch-less banking. Easypaise no doubt has over the years promoted the safest, reliable and flexible branch-less banking and has introduced new ways of payment for the people of Pakistan.

Telenor Easypaisa now becomes part of Tameer Bank, Pakistan

After the Easypaisa comes under the control of Tameer Bank, Ali Chaudry who serves as the CEO and President of Tameer Bank will handle all the affairs of Easypaisa and Tameer Bank. It is planned that Easypaisa will continue to use the same office that it used to work in, when it was under the Telenor Group.

After the transfer, Easypaisa’s balance sheets will be visible under Tameer Bank and not Telenor Pakistan.

After the transfer Easypaisa is going to have its own digital agency, PR agency and various vendors that it requires for its day to day operations. As said that it plans to use the formal Telenor office spaces, to add to this we must say that this is only for few cities.

Telenor and Easypaise may remain intact to each other but it is not possible to cut off completely. They can charge each other for different services.

Source: ProPakistani

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Telenor’s Easypaisa signs an agreement with EFU Life Assurance Ltd. under which Easypaisa will extend its services  to get faster insurance premium collection from EFU Life’s clientele through Easypaisa’s wide network in Pakistan.

On 30th December 2016, the agreement was signed by Muhammad Yahya Khan, Head of Easypaisa, and Taher G Sachak, MD & CEO, EFU Life Insurance. EFU Life is Pakistan-based life insurance company, offering a wide range of insurance products to its clients.

Sharing his thoughts on the development, Muhammad Yahya Khan, Head of Easypaisa, said,

“We are glad to extend Easypaisa’s services to support EFU Life Insurance for insurance premium collection from across the country. Easypaisa, with the help of its expansive network of agents all over the country, will be instrumental in facilitating smooth and convenient collection of premium for EFU.

The agreement comes in connection with Easypaisa’s commitment to facilitate everyday transactions as part of its long term socioeconomic empowerment goals. We will continue to forge partnerships and support interoperability to enhance financial inclusion in Pakistan.”

Speaking on the occasion, Taher G Sachak, MD & CEO, EFU Life, stated,

“Customer centricity is the core of our business.  As the leading life insurer in Pakistan, we believe in connecting with our clients by giving them greater accessibility to our products and services through expansion of our distribution footprint and investing in IT solutions, and also by continuously striving to serve them better.”

And further he said;

It gives me immense pleasure to have partnered with Easypaisa for our payment solutions, giving our clients the ease, flexibility and access to pay their renewal premiums in a reliable and secure manner through the vast network of over 77,000 Easypaisa outlets and retailers.”

Easypaisa being Pakistan’s pioneer branch-less banking service has been transforming the banking and finance scenario in the country. Recently Easypaisa has won the financial innovation award 2016 in London .

Telenor’s Easypaisa has played an essential role in bringing banking made easy for everyone in Pakistan.

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Another Pakistani network wins an award. This time it is the most used method of money transfer, Easypaisa. Financial Innovation Awards 2016 were held as usual by London institute of Banking and Finance. In the category of Most Innovative Application of Technology Easypaisa stood on top. List of Winners.

The website of London Institute of Banking and Finance read,

“Located in shops in over 800 towns and cities, Easypaisa now has the largest financial footprint in the country and moved nearly 3% of GDP in 2015.”

When from 19 categories of Financial Innovation Award, Easypaisa made it top five and then bagged an award too, Muhammad Yahya Khan who is the Head of Easypaisa made a speech saying,

“It is a great honor for Easypaisa to be a globally recognized mobile money service. We deem this award a testament to the trust our customers have in us and the recognition of our efforts in capitalizing technology for positive social change.”

Easypaisa was launched in 2009 by association of Telenor and Tameer Microfinance Bank. It is Pakistan’s first ever branchless network. Since 2009 it has served people with its great facilities and quick money transfer.

We all have at times used Easypaisa; the experience would have been good and easy. Adding to this it definitely is the best use of technology.

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