Easypaisa, Pakistan’s first and largest branchless banking solution is deploying Ericsson Wallet Platform to replace its existing platform. Easypaisa which was launched jointly by Tameer Micro Finance Bank and Telenor Pakistan aims to accelerate the uptake of mobile money services among the underbanked in Pakistan. Norway-based Telenor Group, which owns Telenor Pakistan had recently acquired the bank.
Easypaisa’s partnership with Ericsson accelerates and increases the availability of mobile money services for the country’s citizens, while positioning banks to succeed in an expanding mobile money ecosystem.
The existing Easypaisa service, which includes an integrated m-commerce solution, already supports more than 21 million active consumers and 75,000 agents in over 800 cities throughout the region, including rural areas. This deployment represents one of the largest mobile money service offerings in the world.
Nadeem Hussain, Founder, President and CEO, Tameer Micro Finance Bank
Easypaisa is continuously focusing on enhancing customers’ experience of doing financial transactions in a secure and seamless manner. It is essential to have the right technology partner to roll out new services that provide added benefits and services to propel financial inclusion through branchless banking.
Muhammad Yahya Khan, Chief Financial Services Officer, Telenor Pakistan
Ericsson’s next-generation wallet platform is helping Easypaisa increase volumes and payment transactions, enabling wider mobile money adoption and offering a seamless customer experience. We will continue to expand our mobile money offerings, benefiting our subscribers throughout the country with our new platform.
