Telenor, Ericsson Extend Partnership for Financial Empowerment in Pakistan

Thu Feb 22 2024
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ISLAMABAD: Telenor Microfinance Bank (TMB) and Ericsson have strengthened their partnership and commitment towards financial inclusion and empowerment in Pakistan. Their commitment takes shape in the form of a multi-year extension, igniting a journey towards propelling easypaisa’s financial services offerings to new heights within the fintech sector.

Fueling this endeavor is Ericsson’s renowned fintech solution, the Ericsson Wallet Platform, poised to pave the way for TMB’s transformation into a Digital Bank (pending regulatory approvals). With a focus on innovation and modernization, the easypaisa platform stands at a pivotal crossroads, poised to expand its horizon and redefine banking experiences across the nation.

Underpinning this evolution are cutting-edge security technologies and an open architecture framework, offering individuals and businesses alike the convenience of secure banking and payment transactions from their mobile devices. From managing funds to paying merchants and accessing loans, easypaisa endeavors to promote financial freedom and stability for millions of Pakistanis.

Kashif Ahmed, Acting CEO and President of TMB & easypaisa, echoes this sentiment, emphasizing their commitment to a financially inclusive Pakistan. With the Ericsson Wallet Platform as their ally, their ambition knows no bounds as they strive to reshape the financial landscape and foster an inclusive ecosystem that benefits all.

Michael Wallis-Brown, Head of Mobile Financial Services at Ericsson, emphasizes the shared vision with TMB, aiming to accelerate fintech innovation and drive financial inclusion in Pakistan. Through transformative technologies and seamless mobile financial solutions, they seek to empower individuals and catalyze economic growth in the dynamic digital age.

As the partnership between Ericsson and TMB blossoms, the impact of their collaboration reverberates across Pakistan. With over 40 million registered mobile accounts and counting, easypaisa continues to lead the charge in Pakistan’s digital financial services landscape, ushering in a new era of collaboration, innovation, and empowerment.


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