Tag Archives: easypaisa

Telenor Easypaisa has got $ 6.5 million grant from the Bill & Melinda Gates Foundation

Recently Telenor Pakistan officially announced that Easypaisa has got a $ 6.5 million grant from the Bill & Melinda Gates Foundation to increase adoption of its mobile financial services.

To announce the grant, a press conference was held at Telenor Pakistan’s head office.

In his opening remarks, Roar Bjaerum, Vice President of Financial Services at Telenor Pakistan, said that accessible mobile financial services can help catalyze Pakistan’s socio-economic efforts.

“Financial exclusion of the lower income population is a systemic challenge in Pakistan. With more than 85% of population not having access to formal savings or credit products, many households are vulnerable to fluctuations in daily income and unable to absorb economic shocks from unexpected events.

Easypaisa’s vision is to serve as a vehicle for financial inclusion for such households. The grant will help us accelerate adoption of Easypaisa services among poor and unbanked individuals,” he said.

Rodger Voorhies, Director of the Gates Foundation’s Financial Services for the Poor initiative, in a message said that the aim of the project was to expand the range of services poor Pakistanis can access through Easypaisa:

“While Easypaisa has seen rapid adoption of its payment and remittance services, adoption of mobile financial services, like savings and insurance, has been slower,” Voorhies said. “This grant aims to accelerate adoption of Easypaisa’s Mobile Account among poor and unbanked households to create a foundation for the delivery of savings, insurance, and other mobile financial services.”

Telenor Pakistan’s Roar Bjaerum also spoke about Easypaisa services and the socio-economic impact and future of mobile financial services in Pakistan.

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Norwegian Minister Visits Telenor Easypaisa Shops

The Norwegian Minister for Environment and International Development Erik Solheim visited a Telenor Pakistan easypaisa retail outlet at a local market today.

He was accompanied by Norwegian Ambassador to Pakistan Robert Kvile and Chief Strategy Officer & VP Corporate Affairs Telenor Pakistan Aamir Ibrahim. The minister is in Pakistan to see ongoing flood relief and rehabilitation activities. Norway has contributed 400 million Norwegian Kroners (USD67 million) for Pakistan’s flood affected.

Talking to the media the minister appreciated Telenor Pakistan’s contribution to the flood relief activities. “I am happy to see that Telenor is actively contributing to social causes in Pakistan. The Norwegian government and people of Norway will always stand beside our Pakistani friends in their hour of need.”

Telenor Pakistan’s Aamir Ibrahim speaking on the occasion said: “Branchless banking solutions like easypaisa can not only address the lack of financial inclusion in Pakistan but can also potentially help generate and disburse funds to the disaster affected people.”

Easypaisa, launched in October 2009, aims to offer financial inclusion to Pakistan’s population, a large majority of which is currently unserved. The recently launched easypaisa Donation Service was used to collect funds for the flood affected people.

Easypaisa is available in 700 locations across Pakistan. With 11,000 agents, 1 million transactions a month, and Rs 10 billion worth of transaction since launch, the service is helping to provide people with much needed financial services.

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Telenor Easypaisa Wins Best MMT Entrant of the Year Award

Easypaisa has won the award for ‘Best Mobile Money Transfer Entrant of the Year’ at the world’s first Mobile Money Transfer (MMT) Awards held in Dubai last week, making it the year’s best service of its kind in the world.

The service was pitted against some of the world’s leading mobile financial service providers such as Vodafone and Safaricom.

In the winning category, easypaisa competed against Grameenphone, Banglalink and Vodafone to win the award. It was also the only service nominated by the jury in three of the six categories; the two other categories being ‘Most Inventive Marketing Campaign’ and ‘Achievement in Financial Inclusion’.

Pakistan’s first real branchless banking solution easypaisa was launched jointly by Telenor Pakistan and Tameer Microfinance Bank Limited last year. The service is now available at more than 11,000 agents across Pakistan. With more than 500,000 unique users in the last month alone conducting more than 1 million transactions with a value of Rs2 billion in throughput, easypaisa is helping to provide people across Pakistan with much needed financial services.

Roar Bjaerum, VP Financial Services, Telenor Pakistan speaking about the win, said:

The award is recognition of the uniqueness and the early success of the easypaisa portfolio of services. Telenor Pakistan is committed to offering secure and reliable mobile financial services to the people of Pakistan. By doing so we aim to bring empowerment and convenience to everyone, enabling them to carry out financial transactions whether in urban areas or rural communities

Ali Abbas Sikander, Group Executive Director Technology & Operations, Tameer Micro Finance Bank Limited, commenting on winning the award said:

We are honored. While easypaisa is one of the most revolutionary services to come out of Pakistan’s banking and telecom sectors, it is also timely. The World Bank estimates the domestic transfer volume at close to $7 billion a year. Through easypaisa we aim to target current users of domestic remittance services. In addition, we aim to help bring a portion of the $2 billion to $4 billion transacted through informal channels into the mainstream

Abbas said that the State Bank of Pakistan, too, has provided a favorable regulatory environment for the promotion of innovative financial services. In a recent international study conducted by the Economist Intelligence Unit, Pakistan has been listed as number 5 in the world in terms of overall business environment for microfinance, and number 1 in terms of regulatory environment.

The Mobile Money Transfer Global Conference & Expo, where the award was announced, was held in Dubai from October 24-27 and attracted 500 participants from more than 50 countries. It is recognized as the industry’s definitive category event.

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Telenor Easypaisa Service Complete One Year Successfully

Teleor Easypaisa service has successfully completed one year of operations. which was launched jointly by Telenor Pakistan and Tameer Microfinance Bank last year, has helped provide people across Pakistan with access to convenient financial services.

Roar Bjærum, Vice President Financial Services, Telenor Pakistan while commenting on easypaisa’s one year of completion said:

“Easypaisa is a uniquely convenient way for everyone to carry out financial transactions such as money transfer and bill payments. More than six million transactions worth Rs10 billion have been moved through the system in this one year, with a million transactions worth nearly Rs2 billion moved in the last month alone. These numbers reflect our customers’ increased trust in the services. Our aim is to continue to change the way financial transactions are carried out in Pakistan, and to develop a portfolio of easypaisa services that meet different customer needs.”

Ali Abbas Sikander, Group Executive Director Technology & Operations, Tameer Microfinance Bank, speaking about the milestone said:

In Pakistan, there are currently an estimated 30 million economically active people who have no access to basic transactional services, let alone savings and other financial safety net solutions. Now, with easypaisa, these people can have a bank account without a physical bank branch and can conduct financial transactions from the comfort of the home using just a basic cell phone. All transactions are transparent, regulated by the State Bank of Pakistan, and are accounted for towards the country’s economy.

The service, when it was launched a year ago, was available at 2,200 outlets. Currently, easypaisa services are available at more than 11,000 outlets in 700 urban and rural areas across Pakistan. The spread is even greater than the number of bank branches in Pakistan which is 8,000.

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Easypaisa Launches New Service International Home Transfer

Tameer Microfinance Bank and Telenor Pakistan made another addition to the bouquet of easypaisa services with the launch of ‘International Home Transfer’ in collaboration with Xpress Money, UK.

This service adds on international home remittances receiving facility in Pakistan.

The latest easypaisa service can be availed by anyone with a valid CNIC irrespective of any mobile operator or bank affiliation through all Sales and Service Centres and Franchises of Telenor Pakistan and all branches of Tameer Microfinance Bank.

Vice President Financial Services Telenor Pakistan, Roar Bjaerum, announced the launch of ‘International Home Transfer’ service and shared,

“Lack of financial infrastructure in many areas of Pakistan makes the process of receiving international remittances sent by loved ones abroad cumbersome. easypaisa International Home Transfer is meant to facilitate bridging this gap. At the same time, this service is part of our vision to offer wider range of financial services to increase financial inclusion in Pakistan.”

Speaking at the launch of International Home Transfer, the Chief Executive Officer Tameer Microfinance Bank, Nadeem Hussain said,

“The regular stream of new additions in the easypaisa portfolio displays regulators confidence in the reliability and performance of the solution. This new service offers all the benefits of any conventional remittance service. We are making quick progress towards offering new services providing additional benefits to the customers”

The senders of funds from abroad can transfer the money through the wide network of Xpress agents present in more than 80 countries including United Arab Emirates, Kingdom of Saudi Arabia and United Kingdom.

A transaction ID will be generated on sending the amount which, along with the CNIC, are required to claim the funds through all Telenor Pakistan Sale & Service Centers, Franchises and Tameer Microfinance Bank outlets.

International remittances can play a valuable role in providing foreign exchange, but more importantly, also offer significant potential to support incomes of poor and vulnerable groups. Tameer Bank has been given a member status of Pakistan Remittances Initiative (PRI).

PRI is a joint initiative of State Bank of Pakistan, Ministry of Overseas Pakistanis and Ministry of Finance aimed at increasing the inflow of remittances through legal channels. Keeping in mind the importance of international remittances to Pakistan’s economy, the International Home Transfer service is being offered without any charges.

Telenor Pakistan and Tameer Microfinance Bank’s easypaisa International Home Transfer Service will extend its relationships to more transfer agents in addition to Xpress Money in the future.

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Easypaisa Now Offers Mobile Top Up

Telenor users can now pay their Postpaid Bills (Persona) and also can recharge their prepaid balance (Djuice & Talkshawk) through their easypaisa mobile account.

This service is available to all Telenor easypaisa mobile account holders.

That’s not all! With convenience also comes greater value. Win free minutes on every recharge of Rs.75 (for prepaid) and on every monthly bill paid of Rs.700 (postpaid).

Special Offer

  • Talkshawk and Djuice Customers Win 25 free on net minutes on every Mobile Top Up of PKR 75 from your mobile account to your own number
  • .

  • Persona Customers (Easy, Simple and Karobaar packages only) Win 50 free on net minutes and 50 free SMS on Mobile Top Up of PKR 700 or above every month
  • .

    How to Recharge:

    Prepaid Users:

    Postpaid Users:

    Pricing:

    No fee will be charged on Airtime top up Transaction through Mobile Account.

    Transaction Limits:

  • For Talkshawk and Djuice customers: Min Transaction: Rs 10 – Max Transaction: Rs. 5000
  • For Persona customers: Min Transaction: Rs 10 – Max Transaction: Rs. 5000
  • Features:

  • This service is available for all Talkshawk, Djuice and Persona customers.
  • No extra charges.
  • Mobile Account user will be able to purchase prepaid airtime for themselves and others who have Telenor prepaid connections.
  • Mobile Account User will be able to pay their own postpaid bill or on behalf of other customers possessing Telenor postpaid connection.
  • Cash in amount will be reimbursed to customers on Mobile Top Up transactions.
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    Now you Can Pay wi-tribe Bills Through Easypaisa

    wi-tribe has intriduce facilty for customers to pay wi-tribe bill through Easypaisa you can pay bills easypaisa mobile wallet or easypaisa outlets (any easypaisa shop, Telenor Franchise, Telenor S&SC or any branch of Tameer Bank)

    How to use pay bills via EasyPaisa outlet:

    Simply go to any Easypaisa outlet along with your wi-tribe customer ID and that’s it.

    How to use pay bills via Mobile Wallet:

    You will have follow this chart in order to pay bills from Easypaisa Mobile Wallet

    Charges:

    OTC (Over The Counter) = Free
    Mobile Accounts = Rs. 10.00
    Transaction limit apply

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    Telenor Easy Paisa Announce a New Product Money Transfer

    easypaisa
    Telenor Easy Paisa and Tameer Microfinance Bank Abbounced a new product Money Transfer.
    With Transfer from easypaisa, you can now send and receive money to and from your, friends, and others.
    Any person need to send money from one city to another can use this service from any easypaisa shop.

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