Easypaisa Bank Limited, stylized as easypaisa, is a Pakistani

digital bank A neobank is a type of direct bank that operates exclusively using online banking without traditional physical branch (banking), branches. They challenge traditional banks. In contrast to direct banks, in many cases, neobanks do not have their ow ...

based in

Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...

. It provides services such as

mobile wallet A digital wallet, also known as an e-wallet or mobile wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and se ...

mobile payment Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cas ...

s, and

branchless banking A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct ...

History

Easypaisa was founded in 2009 by Telenor Microfinance Bank as a money transfer service through

Unstructured Supplementary Service Data Unstructured Supplementary Service Data (USSD), sometimes referred to as "quick codes" or "feature codes", is a communications protocol used by GSM cellular telephones to communicate with the mobile network operator's computers. USSD can be use ...

(USSD) channels. Telenor Microfinance Bank was originally founded as Tameer Microfinance Bank and was acquired by

Telenor Pakistan Telenor Pakistan (Pvt.) Limited is a Pakistani wireless network operator headquartered in Islamabad, Pakistan. Khurrum Ashfaque is the current chief executive officer (CEO). Telenor started its operations in Pakistan in March 2005. Over the y ...

in 2008. Later, in 2018,

Ant Group Ant Group ( zh, s=蚂蚁集团, p=Mǎyǐ jítuán, t=), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves ...

also acquired a stake in Telenor Microfinance Bank through its subsidiary Ant Financial. In January 2023, Easypaisa launched the debit card. In January 2025, Easpaisa received the first digital retail bank licence from the

State Bank of Pakistan The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope ...

References

{{Telenor 2009 establishments in Pakistan Mobile payments Pakistani brands Payment service providers Telenor Banks of Pakistan

History

See also

References