KARACHI: National Bank of Pakistan (NBP), Telenor Pakistan (TP) and Telenor Microfinance Bank Limited (Formerly Tameer Microfinance Bank) have formed a strategic alliance to further financial inclusion in the country.
A statement on Monday said that the strategic alliance is in continuation of the coalitions to promote financial inclusion that now cover almost the entire telecom industry of Pakistan.
It said that under the ambit of this arrangement, multiple services will be leveraged upon including Telenor USSD Channel, Agent Network of Easypaisa, and NBP’s transaction base, to fulfil the needs of banked as well as the unbanked population of Pakistan including facilitation of P2G and G2P transactions.
With this joining of hands between one of Pakistan’s largest Government-owned banks and one of the Pakistan’s leading telco operators along with its microfinance bank, the dynamics of the Digital Financial Services are sure to reach the next milestone.
The statement said that after the ceremony, Saeed Ahmad, President & CEO NBP said that combining the strengths of NBP, TP & TMBL together will broaden the vision of our industry to achieve the State Bank’s National Financial Inclusion Strategy. (APP)