News

Telenor Microfinance Bank Becomes Easypaisa Digital Bank

Telenor Microfinance Bank has successfully rebranded itself into easypaisa Digital Bank as the change came into effect on January 28, 2025.

“We are excited to announce that Telenor Microfinance Bank has undergone a transformation from a ‘Microfinance Bank’ to a ‘Digital Retail Bank,’ effective from January 28, 2025,” it said in a statement.

“We will now be operating under the registered name: ‘easypaisa Bank Limited, (formerly Telenor Microfinance Bank Limited), with a brand name ‘easypaisa digital bank.”

Telenor Microfinance Bank statement Easypaisa Digital Bank Telenor Microfinance Bank statement Easypaisa Digital Bank

With this development, easypaisa has introduced an expanded range of products and services integrated into its platform, offering comprehensive digital banking solutions. The company will now operate under the Banking Companies Ordinance (BCO), 1962.

“This stable foundation, combined with our new banking framework, positions us strongly to expand our digital banking capabilities while maintaining regulatory compliance and strategic partnerships, with no change in our existing shareholding structure,” the statement added.

Under the Licensing and Regulatory Framework for Digital Banks, Easypaisa Digital Bank will offer an expanded range of services through its digital platforms. The comprehensive offerings include digital accounts, consumer lending solutions, and term deposit services, alongside the development of a broader product suite to enhance its digital banking capabilities.

“This transformation strengthens our ability to serve our valued stakeholders while maintaining the highest standards of regulatory compliance and risk management. Our commitment to digital innovation and financial inclusion remains steadfast, supported by robust technological infrastructure and strategic partnerships.”

 

Sponsored
Tech Desk

Share
Published by
Tech Desk
    Sponsored

Recent Posts

Bitcoin Parody Meme Coin Buttcoin Gains Momentum with 150% Surge and 2700% Trading Volume Spike

Buttcoin, a Solana-based meme coin parodying Bitcoin, has experienced a significant surge, rising 150% in…

1 hour ago

NHA Announces 25% Surcharge on Toll Fees for Vehicles Without M-Tag

The National Highways Authority (NHA) has recently announced a significant change in its toll collection…

3 hours ago

Suzuki Enters EV Market with the Launch of e-ACCESS Electric Scooter

Suzuki Motor Corporation has made its official entry into the electric two-wheeler market with the…

3 hours ago

Punjab CM Maryam Nawaz Awards Free E-Bikes to 2,200 ‘Khelta Punjab Games’ Champions

Punjab: Punjab Chief Minister Maryam Nawaz Sharif announced on Thursday that 2,200 athletes who excelled…

5 hours ago

iPhone Sales Decline 11% in China, Yet Apple’s Revenue Rises 4%

Apple’s latest earnings report revealed a mixed performance, with declining iPhone sales offset by a…

6 hours ago

Finance Division Introduces Policy for Issuance of Commemorative Coins

ISLAMABAD: The Finance Division has introduced a commemorative coins policy to create a structured process…

6 hours ago