Staff Reporter
Karachi
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.
Pakistan is going through a perplexing time with the COVID-19 pandemic while the Bank has been playing an active role in providing diverse financial solutions to the masses by promoting the use of digital banking on a large scale.
As a result of its efforts, Easypaisa has witnessed a 35% increase in new activations. Old customers using the service again have gone up by 25% as well.
The number of daily transactions from the Easypaisa application has grown by 17% since the lockdown. There has also been an increase of 184% in bank transfers and around 15% growth in airtime and bundle subscriptions in overall transactions.
Collaborations with numerous organizations such as Zakat and Ushr Department of Government of Punjab, Pakistan Bait-ul-Mal and other poverty alleviation programs have also been made possible with an aim to develop a cashless society for a digitally inclusive Pakistan.
