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Easypaisa

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Easypaisa
Company typePrivate
IndustryBanking
Founded2009; 16 years ago (2009)
HeadquartersKarachi, Pakistan
Key people
Jahanzeb Khan (CEO)
ProductsDigital wallet
Websiteeasypaisa.com.pk

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

History

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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.[3] Telenor Microfinance Bank was originally founded as Tameer Microfinance Bank and was acquired by Telenor Pakistan in 2008.[4][5] Later, in 2018, Ant Group also acquired a stake in Telenor Microfinance Bank through its subsidiary Ant Financial.[6][7]

In January 2023, Easypaisa launched the debit card.[8]

In January 2025, Easpaisa received the first digital retail bank licence from the State Bank of Pakistan.[9][10]

See also

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References

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