Telenor Microfinance Bank Transforms into “easypaisa digital bank”

Karachi, January 28, 2025– Telenor Microfinance Bank has officially transitioned into a “Digital Retail Bank,” rebranding itself asEasypaisa Bank Limited(formerly Telenor Microfinance Bank Limited). The bank will now operate under theBanking Companies Ordinance (BCO), 1962, and will adopt the brand nameeasypaisa digital bank, effective immediately. The company made the announcement today, stating,“With this evolution, we are proud to introduce an expanded range of products and services integrated into our renowned ‘Easypaisa’ platform, which will serve as your comprehensive digital banking solution.” Despite the transformation, the company’s shareholding structure remains unchanged. Under the Licensing and Regulatory Framework forDigital Banks, easypaisa digital bank will offer an enhanced suite of services. The new offerings include: Additionally, the bank is developing an extensive product suite aimed at further enhancing its digital banking capabilities. easypaisadigital bank has emphasized its robust operationalinfrastructure, leveraging multiple channels to effectively serve stakeholders. Key highlights include: easypaisa digital bank reaffirmed its commitment to driving financial inclusion and digital innovation, supported by a robust technological infrastructure and strategic partnerships. The bank emphasized maintaining the highest standards of regulatory compliance and risk management as it moves forward. This transformation marks a significant milestone in easypaisa’s journey, positioning it as a leading player inPakistan’s rapidly evolving digital bankinglandscape.