Easypaisa secures grant to expand mobile financial services

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Easypaisa — a joint initiative of Telenor Pakistan and Tameer Micro Finance Bank — has secured a $6.5 million grant from the Bill & Melinda Gates Foundation to increase adoption of its mobile financial services among Pakistan’s poorest households and to strengthen its distribution network in poor and rural communities. On this occasion, Roar Bjaerum, Vice President of Financial Services at Telenor Pakistan, said that accessible mobile financial services can help catalyze Pakistan’s socio-economic efforts.