Telenor Microfinance Bank has secured a US$10 million equity investment from Telenor Group and Ant Group to enhance its capabilities as it prepares to launch digital retail banking operations in Pakistan, reinforcing its commitment to financial inclusion and digital transformation.

Information on the target

Telenor Microfinance Bank (TMB) is the operator of easypaisa, Pakistan's leading digital financial services platform. Recently, TMB has secured a US$10 million equity investment from its shareholders, Telenor Group and Ant Group. This investment is strategically timed as easypaisa prepares to launch its digital retail banking operations in Pakistan, pending regulatory approvals. The capital injection marks a significant milestone in easypaisa’s digital transformation journey, highlighting the confidence of its shareholders in the bank's role in fostering financial inclusion across the country.

The leadership at TMB is committed to advancing a digital Pakistan, with Chairman Irfan Wahab Khan emphasizing the bank's evolution into an innovative platform poised to reshape the banking landscape. With strong financial results indicating sustainable growth, easypaisa aims to serve unbanked and underserved communities through groundbreaking digital finance solutions.

Industry overview in the target’s specific country

The financial services industry in Pakistan is undergoing a significant transformation, driven by advancements in technology and increasing smartphone penetration. The rise of digital financial services has been particularly pronounced, with platforms like easypai