Easypaisa transactions reach Rs 178b

STAFF REPORT IBD: While marking its third anniversary, Easypaisa revealed that its customers carried away 83 million transactions involving Rs 178 billion in initial three years of service.

Telenor Pakistan and Tameer Microfinance Bank had jointly launched Easypaisa, a mobile banking solution for masses, on October 15th, 2009.

interesting reading:  Digital means uses for tax collection reach up to Rs 346 billion

A ceremony has recently been arranged to celebrate the third anniversary where Easypaisa also unveiled the insurance accounts.

“Daily transactions count reached 155,000 worth Rs. 363 million in 2012 for various kinds of functions mainly the funds transfers and bill payments,” an official of the Company said on the occasion adding that the average monthly transactions this year stood at 4.6 million transactions worth Rs. 11 billion per month.

interesting reading:  realme 5s 1st mobile device in Pakistan equipped with Qualcomm® Snapdragon™ 665 at under Rs. 29,999

According to him, the Company now has over 1.1 million customers availing mobile accounts of easypaisa. Despite the international funding, Easypaisa has made attempt to be innovative in the service.

interesting reading:  USF spends Rs 21 Billion to supply telecom services in remote areas

This, when coupled with strict branchless banking regulations and high transaction charges, has resulted into sluggish adoption of phone (and branchless) banking services.

Web Team
Author: Web Team

Technology Times Web team handles all matters relevant to website posting and management.

Web Team

Technology Times Web team handles all matters relevant to website posting and management.

Leave a Reply