In a first-of-its-kind partnership, Telenor Microfinance Bank joins hands with Utility Stores Corporation (USC) to make its mobile money service, Easypaisa, available at Utility Stores nationwide. The agreement was signed in Islamabad between President/CEO Telenor Microfinance Bank Ali Riaz Chaudhry, and Managing Director Utility Stores Corporation Waseem Mukhtar Chaudhary, in the presence of respective management teams.
This partnership is in line with Telenor Microfinance Bank’s ambition to revolutionize Pakistan’s financial landscape and extend the benefits of mobile money to the under-banked people in the country. USC is a state-owned, largest retail chain store enterprise in Pakistan, providing basic commodities at low rates to the masses. Commencing with 50 stores in Islamabad and Rawalpindi, the project will gradually expand to over 5,000 stores spread across the country.
Speaking on the occasion, Ali Riaz Chaudhry said, “We are the proud pioneers of mobile money with 9.2 million mobile account customers in Pakistan. This alliance is a continuation of our industry-first initiatives. We are delighted to offer further convenience and ease of access for all Easypaisa customers. Going forward, we plan on extending the partnership to include services like Till Payments, G2P Disbursements, Lending/Loan Repayments and Insurance Payments.”
