Islamabad – December 9, 2016: Pakistan’s first and largest branchless banking service, Easypaisa, has won the award for “Most innovative application of technology” at the 2016 Financial Innovation Awards, held in Grand Connaught Rooms in London.
Financial Innovation Awards recognizes companies that have implemented an innovative project, service or initiative within the banking and financial service sectors. An independent panel of judges assessed all entries and Easypaisa was amongst the five finalists. Out of dozens of other applicants, Easypaisa was the only Pakistani service to be shortlisted in this international competition.
Expressing his delight, Muhammad Yahya Khan, Head of Easypaisa said, “It is a great honor for Easypaisa to be a globally recognized mobile money service. We deem this award a testament to the trust our customers have in us and the recognition of our efforts in capitalizing technology for positive social change.”
In addition to its success in the domestic markets, Easypaisa has received global recognition in the past as well. In 2013, Easypaisa was declared the third biggest mobile money service in the world award by CGAP, a unit within the World Bank, and in 2014, Easypaisa won the Best Mobile Money Service award at the annual GSMA Awards in Barcelona. In 2015, Easypaisa won the Wall Street Journal’s Financial Inclusion Challenge.
A complete list of winners can be accessed here: http://fia.libf.ac.uk/winners-2016
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 75,000 Easypaisa shops in more than 800 cities across the country. Nearly 650,000 transactions are conducted on Easypaisa every day by 20 million active customers. In 2015, Easypaisa moved nearly 3% 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, visit: www.easypaisa.com.pk
About Tameer Microfinance Bank Limited
Tameer Microfinance Bank Limited (TMFB) is the first scheduled and largest Microfinance Bank in Pakistan and a part of Telenor group. Incorporated in 2005, it provides micro‐finance, branchless banking and related financial services targeted to the underserved segment. In 2009, it jointly launched Easypaisa with Telenor Pakistan. Tameer Bank currently has 176 customer touch points and over 75,000 agents nationwide; and offers a wide range of financial services including Deposits, Loans, Mobile Accounts, Peer to Peer money transfers, Health Insurance, Remittances, Cash management services, Bank on Wheels. The credit rating company JCR-VIS has reaffirmed the entity rating of Tameer at “A+/A-1”. Outlook on the assigned rating is ‘Stable’ as of April 28th, 2016.
For more information, please visit: www.tameerbank.com
About Telenor Pakistan
Telenor Pakistan is a provider of high quality telecommunication services in Pakistan since 2005. It has over 38 million subscribers, over 3,000 employees and a nationwide network. For more information, please visit: www.telenor.com.pk