Published on June 3rd, 2011 | by Babar Bhatti3
Easypaisa and UKAid to Work Together
Mobile financial services are making progress but we could always do a better job of improving them. From fees to customer experience, there is room for improvement. There is also the need for better awareness and education. Now international organizations are pitching in to help with that.
Visiting Secretary of State for International Development for United Kingdom, Andrew Mitchell along with Deputy Governor State Bank Yaseen Anwar visited Tameer Microfinance Bank Limited and Telenor Pakistan’s easypaisa outlet in Karachi today. They were accompanied by Nadeem Hussain, CEO Tameer Microfinance Bank. The visitors witnessed transactions being carried out at the outlet and discussed advantages of mobile financial services for financial inclusion in Pakistan.
Speaking at the occasion Secretary of State Andrew Mitchell said, “In Pakistan more than half the adult population, and two-thirds of women, do not have bank accounts or access to financial services. That’s why the UK supported the use of innovative mobile phone technology to empower poor people to pay bills and transfer money to their families in rural villages, and the UK will help further expand it to three million more people over the next few years.”
Deputy Governor State Bank Yaseen Anwar appreciated the role played by UKAid and easypaisa to enable financial inclusion in the country, “State Bank of Pakistan is committed to providing best of opportunities through an open and transparent regulatory regime which encourages more partnerships to enhance financial inclusion. State Bank of Pakistan is pleased to see branchless banking solutions bearing fruits to further strengthen the backbone of the financial sector in Pakistan”.
In his comments, Nadeem Hussain, President & CEO Tameer Microfinance Bank Limited appreciated the encouragement by Secretary of State and Deputy Governor State Bank and said: “Enabling regulatory environment and international donor support are cornerstones for success of mobile financial services in Pakistan. Easypaisa’s ever increasing penetration coupled with our commitment to introduce more valuable services under the portfolio will go a long way towards making the dream of financial inclusion a reality”.
Working with Tameer Microfinance Bank, UK Aid significantly contributed to the launch of mobile financial services in Pakistan. With more than Rs. 10 billion worth of transactions, easypaisa is the premier mobile financial service of Pakistan.