MCB Bank Limited has collaborated with Telenor Microfinance Bank Limited before known as Tameer Microfinance Bank. The alliance has taken place for easy, safe, protected and reachable Easypaisa network and jointly advantageous financial services.
Per the agreement, MCB Lite Branchless Banking customers will be allowed to use Telenor Microfinance Bank / Easypaisa’s spread network with over 75,000 agents in Pakistan.
With this facility, the customers will be able to access any Easypaisa outlet of retail and put funds in their MCB wallet. Not just this, they will be able to take out cash from the agent as per their ease.
The strategic collaboration is done owing to the State Bank of Pakistan’s National Financial Inclusion Strategy and Idea for 2020. It will bring about convenience and improve financial services quality.
President / CEO MCB Bank – Mr. Imran Maqbool and President / CEO Telenor Microfinance Bank, Mr. Ali Riaz Chaudhry signed the agreement at MCB House in Lahore. Also, Mr Ali Naqvi – Business Head Digital Banking, MCB; Mr. Faisal Ejaz Khan – CIO MCB; and Mr. Yahya Khan – CDO / CFI Telenor Microfinance Bank were present at the occasion and some other executives from the banks.
Mr. Imran Maqbool said, “Branchless Banking is one of the fastest growing segments of MCB Bank’s portfolio and our partnership with Telenor Microfinance Bank will create further conveniences for our branchless banking customers. Their MCB Lite enabled mobile phones, serving as their mobile wallets, will now have access to a wider range of efficient and hassle free digital financial services.”
Whereas Mr. Ali Riaz Chaudhry added, “Mr. Ali Riaz Chaudhry also added “We are an open platform and are delighted to be able to serve MCB Bank’s valued customers. Telenor Microfinance Bank through its Easypasia platform has brought financial services to millions of under-banked people in the country. We are humbled at being able to serve our people in the most remote areas of the country through state of the art mobile based financial solutions”.
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