Pakistan’s leading micro-finance institution, Telenor Microfinance Bank has partnered with the nation’s premier energy company, Byco Petroleum Pakistan Ltd. (Byco), to provide Easypaisa services and fuel payment solutions at all Byco fueling stations located throughout Pakistan.
Telenor Microfinance Bank continues to transform Pakistan into a digitally robust economy by offering innovative solutions that promote greater financial inclusion and empowerment. This service, which is also part of the bank’s branchless banking will allow Easypaisa customers to conduct transactions and also conveniently pay for fuel through Easypaisa at all Byco stations.
This one of kind service arrangement whereby a fuel company will essentially be providing branchless banking and digital financial solutions through its filling stations, will provide greater ease of access to consumers and aims to become a trendsetter for promoting innovative solutions for Pakistan’s evolving digital economy. This revolutionary development will act as a catalyst for the vigorous growth of the branchless banking industry in Pakistan.
Aslam Hayat, Acting CEO, Telenor Microfinance Bank said:
“Easypaisa continues to take the lead to provide digital finance at easily accessible locations. Our overarching goal is to provide convenient and cost-effective financial solutions to the people of Pakistan. By collaborating with leading industry players, we are adding value to our customer’s lives, enhancing their ability to manage their financial future. Easypaisa remains at the forefront of empowering people through innovative, technologically driven, and low cost financial services.”
Fayaz Ahmad Khan, Head of Customer Services, expressed his views at the signing ceremony:
“Byco is proud to partner with Telenor Microfinance Bank to introduce Easypaisa payment and microfinance solutions at our retail outlets network across Pakistan. Byco is Pakistan’s most innovative Oil Company, and believes in providing maximum convenience to our customers. Easypaisa offers the cutting edge of payment solutions and will facilitate our customers from Karachi to Kohat in their payment needs.”