.){kind=link}
On January 28, 2025, Easypaisa became Pakistan’s first digital retail bank to receive approval for digital banking from the State Bank of Pakistan (SBP). Backed by Telenor, a key telecommunications company in Pakistan and Alipay (Ant Financial) from China, Easypaisa is positioned to drive the fintech revolution and digital transformation in the country.
Pakistan’s First Digital Retail Bank
In a recent statement, Irfan Wahab Khan, CEO of Telenor, expressed his pride in this landmark achievement, stating, “Easypaisa has transformed into Pakistan’s first digital retail bank!” He further noted, “The transition from an innovative fintech to a comprehensive digital bank signifies a new phase in our mission for financial inclusion.”
Easypaisa, which began as a visionary concept has developed into a profitable entity, managing 9% of Pakistan’s GDP. With 50 million users and one in four adults in Pakistan owning an Easypaisa account, the company has built one of the largest financial networks in the country. He extended his gratitude to the State Bank of Pakistan and other stakeholders for their insightful guidance.
Read More: The Rise Of Fintechs In Pakistan
“To our dedicated teams who facilitated transactions worth PKR 9.5 trillion in 2024 alone—your dedication to excellence has made this achievement possible,” Wahab further expressed his gratitude.
Douglas Feagin, a Director on the Board of Easypaisa Digital Bank, President of Ant International and Senior Vice President of Ant Group, remarked, “Easypaisa’s transformation into a digital bank represents a pivotal moment in the landscape of financial services in Pakistan.”
Stay tuned to Brandsynario for the latest news and updates