‘Easypaisa Loan’, Pakistan’s First Digital Nano Loan Launched By Telenor Microfinance Bank

In continuation of its effort to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of 2015 and the Strategic Goals of SBP’s vision 2020, Telenor Microfinance Bank has launched "Easypaisa Loan", the country’s first ever Digital Nano Loan. The loan is processed and transferred to the customer’s Easypaisa account (mWallet) within two minutes conveniently without the need to visit a branch or fill out paperwork.

This innovative service is aimed at the common man who has no access to formal loans or banking services. It enables easy access to working capital requirements for farmers, self-employed individuals, street hawkers, and home-based workers. It also works as an effective tool in creating financial literacy by incentivizing positive credit behavior through access to better borrowing terms.

About this News Item