Pakistan National Finance inclusion strategy and strategic goals of State Bank of Pakistan (SBP) wants to introduce digital Nano loan technology back then, in continuation of their efforts to establish financial inclusion Telenor now come up with the idea to launch Pakistan’s first ever “EasyPaisa Loan” which is the digital Nano loan tech. In this process, the loan is transferred to the Customer’s mWallet (Easypaisa account) easily without going to any branch.
CEO of Telenor MicroFinance Bank Shahid Mustafa said, “We continue to take the lead in innovating financial solutions and our aspiration is to enable a better lifestyle for the people of Pakistan. With the Easypaisa Loan, we have established instant digital lending in Pakistan to meet the demand for easily accessible nano loans.”
This transformation in the service mainly focuses on the people which have no access to formal banking or basic loan procedure. It also enables easy processes for work capital requirements of Farmers, Street hawkers, self-employed individuals and home-based workers.
“Since our inception, we have been extending formal financial services to the large majority of Pakistan’s population that was previously working with the informal sector. This has helped in creating real and lasting financial inclusion. Driven by our mission of empowering societies, we will continue to introduce, customized technology-based solutions that truly help the common man in Pakistan,” Said Shahid Mustafa.
This service makes Easypaisa mobile loan convenient to use which users can approach in their daily life routine and provide a user-centric solution that’s secure, instant and can acquire with a few simple steps. It is also a constructive effort to make Financial inclusion strong in Pakistan by incentivizing positive credits and improve borrowing terms between individuals. The new innovative technology which has a positive impact on the pioneering stages of digital transferring money across the country.