Telenor Microfinance Bank has partnered with Utility Stores Corporation (USC) to make its mobile money service, Easypaisa, available at Utility Stores nationwide.
The agreement was signed in Islamabad between Ali Riaz Chaudhry – President & CEO Telenor Microfinance Bank, and Waseem Mukhtar Chaudhary – Managing Director Utility Stores Corporation, in the presence of respective management teams.
Utility Stores is a state-owned, largest retail chain store enterprise in Pakistan, providing basic commodities at low rates to the masses.
Commencing with 50 stores in Islamabad and Rawalpindi, the project will gradually expand to over 5,000 Utility Stores spread across the country.
It is worth noting that nearly 650,000 transactions are conducted on Telenor Microfinance Bank’s mobile banking platform ‘Easypaisa’ everyday by 20 million active customers.
