Press Releases

19
December 2015

Easypaisa collaborates with FDMA to disburse funds to returning IDPs

Islamabad, February 2, 2015: Pakistan’s first and largest branchless banking service and a joint venture between Tameer Microfinance Bank and Telenor Pakistan, Easypaisa has signed a memorandum of understanding (MoU) with the FATA Disaster Management Authority (FDMA) to ensure the efficient and transparent disbursement of funds to the returning internally displaced persons (IDPs) in Khyber-Pakhtunkhwa. The MoU was signed by Yahya Khan, Chief Financial Services Officer, Telenor Pakistan and DG FDMA Ikram Ullah in the presence of Sardar Mahtab Ahmed Khan, Governor KPK. The funds are being disbursed at a time when IDPs are returning back home to Khyber Agency and surrounding areas.

 

Under the MoU, Easypaisa will be providing 50,000 registered IDPs with Telenor SIMs, along with opening Easypaisa Mobile Accounts and giving Easypaisa ATM cards to these beneficiaries. An amount of PKR 33,000 will be disbursed to each beneficiary which can be collected from any of the over 5,600 Easypaisa shops in the KPK and FATA region, and any accessible 1-Link ATM machine.

 

At the signing, Nadeem Hussain, Chief Executive Officer, Tameer Microfinance Bank, stated, “Easypaisa being the pioneer of mobile financial services industry in Pakistan has always been at the forefront in providing swift, secure and reliable financial services to the unbaked segment of the society. In addition to our extensive G2P portfolio of disbursing BISP funds, EOBI pensions and disbursements for various Punjab and Sindh Government departments, we are proud to serve FDMA by providing dedicated servicing to ensure a seamless disbursement of funds to the beneficiaries.”

 

Expressing his solidarity with the IDPs, Yahya Khan, Chief Financial Services Officer, Telenor Pakistan, said, “We stand by our brothers and sisters in this hour of need, when thousands of them are returning to their homes. We are committed to play an integral role towards efficient and transparent disbursement of funds allocated by the Government for the IDPs. Easypaisa team will ensure that the funds are transferred in a convenient, timely and transparent manner through its reliable and extensive touch points across the region.”

 

About Easypaisa

Pakistan’s first and largest branchless banking solution, Easypaisa, was launched jointly by Tameer Micro Finance Bank and Telenor Pakistan in 2009. Easypaisa has the largest financial footprint in Pakistan with over 55,000 Easypaisa shops in more than 800 cities across the country. Nearly 500,000 transactions are conducted on Easypaisa every day by 13 million active customers. In 2014, Easypaisa moved nearly 2% of Pakistan’s GDP. Easypaisa has the largest product portfolio of services for its customers including remittances, payments, savings and insurance and offers ATM cards and IBFT services that work with all banks connected through 1-Link in Pakistan. In February 2014, out of more than 250 Mobile Money services around the world, Easypaisa was awarded two GSMA Awards, including the “Best Mobile Money Service in the World” at the Mobile World Congress, Barcelona, Spain. For more information, please visit: http://www.easypaisa.com.pk

 

 

About Tameer Microfinance Bank Limited

Tameer Microfinance Bank Limited (TMFB) is the first scheduled and largest Microfinance Bank in Pakistan. Incorporated in 2005, it provides micro‐finance and related financial services to the less privileged and unbanked segment of the society with an aim to contribute towards poverty eradication under the Microfinance Institution ordinance, 2001. TMFB currently has over 140 customers touch point’s nationwide offering a range of financial services including Deposits, Loans, Mobile Accounts, Health Insurance, Remittances, Cash management services, Bank on Wheels. Based on the results for the year ended 31 December 2013, the credit rating company PACRA upgraded the long‐term entity rating of Tameer to "A+" (Single A Plus) [Previous: "A"] while maintaining the short‐term rating at"A1" (A One) as of February 27th, 2014.

 

About Telenor Pakistan

Telenor Pakistan is a provider of high quality telecommunication services in Pakistan since 2005. It has 36 million subscribers, over 2,800 employees and a nationwide network covering more than 8,000 cities. Telenor also holds a majority share in Tameer Micro Finance Bank Limited. Telenor Pakistan is 100% owned by Telenor ASA and adds on to operations in Asia.

 

Contact Information:

Hamza Qaiser
Corporate Communications Department
Telenor Pakistan
Cell: 0345-8501126

www.easypaisa.com.pk