Easypaisa

Last updated

Easypaisa
Company type Private
Industry Banking
FoundedOctober 2009;15 years ago (2009-10)
Headquarters Karachi, Pakistan
Key people
Jahanzeb Khan (CEO)
Products Digital wallet
Website easypaisa.com.pk

Easypaisa Bank Limited, stylized as easypaisa, is a Pakistani digital bank based in Karachi. [1] It provides services such as mobile wallet, mobile payments, and branchless banking. [2] [3]

Contents

History

The picture shows an EasyPaisa debit card powered by UnionPay. The card number and name are usually at the front. A typical easypaisa unionpay debit card.jpg
The picture shows an EasyPaisa debit card powered by UnionPay. The card number and name are usually at the front.

Easypaisa was founded in 2009 by Telenor Microfinance Bank as a money transfer service through Unstructured Supplementary Service Data (USSD) channels. [4] Telenor Microfinance Bank was originally founded as Tameer Microfinance Bank and was acquired by Telenor Pakistan in 2008. [5] [6] Later, in 2018, Ant Group also acquired a stake in Telenor Microfinance Bank through its subsidiary Ant Financial. [7] [8]

In January 2023, Easypaisa launched the debit card. [9]

In January 2025, Easpaisa received the first digital retail bank licence from the State Bank of Pakistan. [10] [11]

See also

References

  1. ↑ Aurangzeb, Hamza (24 February 2025). "Pakistan's first digital bank is here". Profit by Pakistan Today.
  2. ↑ "رقم کی منتقلی: دیہاڑی دار طبقے کے لیے 'فن ٹیک' ایک نعمت". Independent Urdu. 5 November 2020.
  3. ↑ Riaz, Rohama (12 September 2018). "Are e-wallets the future of transaction in Pakistan? It's likely". DAWN.COM.
  4. ↑ Ali, Kalbe (31 May 2021). "Cash wallets are the future of fintech". DAWN.COM.
  5. ↑ "Telenor acquires 51 percent shares of Tameer Microfinance Bank". Aaj News. 22 November 2008.
  6. ↑ "Telenor acquires Tameer Bank". Business Recorder. 18 March 2016.
  7. ↑ "Telenor Bank: Chinese group to invest $184.5m". The Express Tribune. 14 March 2018.
  8. ↑ "CCP approves Alipay's 45% stake in Telenor Microfinance Bank". The Express Tribune. 8 November 2018.
  9. ↑ Reporter, The Newspaper's Staff (17 January 2023). "Easypaisa launches debit card". DAWN.COM. Retrieved 17 January 2023.
  10. ↑ Reporter, The Newspaper's Staff (29 January 2025). "Easypaisa Bank gets digital bank licence". DAWN.COM. Retrieved 31 January 2025.
  11. ↑ Report, Recorder (29 January 2025). "'easypaisa' announces commercial operations". Brecorder. Retrieved 31 January 2025.
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