KARACHI: The Pakistan Poverty Alleviation Fund (PPAF) has signed a memorandum of understanding (MoU) with Telenor Pakistan and Tameer Microfinance Bank (TMB) for extending financial services to poor and un-banked communities in Balochistan, Sindh, Khyber-Pakhtunkhwa, Skardu (Gilgit-Baltistan), Punjab and Chirah (Islamabad Capital Territory). According to a press release, PPAF CEO Qazi Azmat Isa and Telenor Pakistan CFO Karl Erik Broten, who also represented TMB, signed the MoU here on Monday. Under the MoU, a pilot project is to be launched to extend financial services to select communities in these regions by establishing Easypaisa shops, which will provide services that include bill payments, money transfers, donations, international home transfers, withdrawals and deposits through mobile accounts. One Easypaisa shop will be set up in each PPAF community to cater to their banking needs. Once the pilot project is completed, it will be replicated nationwide, the press release stated.
Published in The Express Tribune, February 26th, 2013.
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