MCB Bank has entered into an alliance with Telenor Microfinance Bank (Formerly Tameer Microfinance Bank) for its safe, secure, convenient and accessible Easypaisa agent network and mutually beneficial financial services.
Under this agreement, MCB Bank, MCB Lite Branchless Banking customers will gain access to Telenor Microfinance Bank/Easypaisa’s diverse network of more than 75,000 agents nationwide.
Branchless banking in Pakistan is gaining momentum and Easypaisa is among the first ones to introduce a new payment and banking solution to people.
Now customers will be able to walk into any Easypaisa retail outlet and deposit funds into their MCB wallet and also withdraw cash from the retailer at their own convenience anywhere.
This strategic alliance is in line with the State Bank of Pakistan’s National Financial Inclusion Strategy and Vision for 2020, to increase access and quality of financial services for the underserved segments of the economy.
The agreement was signed between President/CEO MCB Bank, Mr. Imran Maqbool and President/CEO Telenor Microfinance Bank, Mr. Ali Riaz Chaudhry.
Speaking at the occasion, Mr. Imran Maqbool stated,
“Branchless Banking is one of the fastest growing segments of MCB Bank’s portfolio and our partnership with Telenor Microfinance Bank will create further conveniences for our branchless banking customers. Their MCB Lite enabled mobile phones, serving as their mobile wallets, will now have access to a wider range of efficient and hassle-free digital financial services.”
Mr. Ali Riaz Chaudhry also added,
“Telenor Microfinance Bank through its Easypasia platform has brought financial services to millions of under-banked people in the country. We are humbled at being able to serve our people in the most remote areas of the country through state of the art mobile based financial solutions”.
Recently Telenor Pakistan’s mobile financial services division, Easypaisa is being transferred to Tameer Bank.