The Easypaisa mobile financial service provided millions of previously unbanked customers access to basic banking services in Pakistan. This was achieved through the close collaboration between Telenor Pakistan, Fundamo and Tameer Bank. The project was initially deployed in the urban areas of Pakistan, but expanded within a year to provide P2P payments, bill payments, money transfers, retail purchase and more.
Remarkably, the service managed to overcome geographical hurdles within the country with the introduction of the mobile wallet service, and managed to achieve a throughput of US$500 million by the end of July 2011.
In February 2014, out of more than 250 Mobile Money services around the world, Easypaisa was awarded two GSMA Awards, including the “Best Mobile Money Service in the World” at the Mobile World Congress, Barcelona, Spain.
Learn from the President & CEO of Tameer Bank himself, Nadeem Hussain, as he speaks on his experience of implementing cutting-edge banking M2M solutions despite facing physical, regulatory and infrastructural constraints, at the Asia IoT Business Platform 2015 in Jakarta, Indonesia.
Prior to launching Tameer, Nadeem spent 27 years with Citigroup, with his last appointment being Country Manager for Citibank’s Iraq Operations within the Corporate Banking and Investment Division. Nadeem has held several senior management positions with Citigroup in all major financial centres. Whilst based in the UK before his appointment in Iraq, he was instrumental in starting and managing CitiSolutions, the consumer bank’s financial advisory and services division for Western Europe, where the expected strength of the distribution force was 20,000 individuals, making it the largest in Western Europe.
Jun 24, 2015