MCB Bank Partner With Telenor Microfinance Bank
[Lahore: 17th
March 2017]
MCB Bank Limited, declared by Euromoney as “Pakistan’s Best Bank” for a record
tenth time, has entered into an alliance with “Pakistan's Best Microfinance
Bank”, Telenor Microfinance Bank Limited (Formerly Tameer Microfinance Bank),
for its safe, secure, convenient and accessible Easypaisa agent network and
mutually beneficial financial services.
Under this
agreement, MCB Bank, MCB Lite Branchless Banking customers will gain access to
Telenor Microfinance Bank/Easypaisa’s diverse network of more than 75,000
agents nationwide. Now customers will be able to walk into any Easypaisa retail
outlet and deposit funds into their MCB wallet and also withdraw cash from the
retailer at their own convenience anywhere. This strategic alliance is in line
with the State Bank of Pakistan’s National Financial Inclusion Strategy and
Vision for 2020, to increase access and quality of financial services for the
underserved segments of the economy.
The agreement
was signed between President/CEO MCB Bank, Mr. Imran Maqbool and President/CEO
Telenor Microfinance Bank, Mr. Ali Riaz Chaudhry, at the MCB House, Lahore. Mr.
Irfan Wahab- CEO Telenor Pakistan,Mr.
Yahya Khan - CDO/CFI Telenor Microfinance Bank, Mr. Faisal Ejaz Khan - CIO MCB Bank and Mr.
Ali Naqvi - Business Head Digital Banking MCB, were also present at the
ceremony, along with other senior executives from both organizations.
Speaking at the
occasion, 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.”
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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