Tameer Bank eyes 30m bill payments by year-end

by: The News(Daily English Newspaper) 

Around 300,000 utility bills were paid through the facility of ‘easypaisa’ in March, while these numbers will be enhanced to 30 million by the end of the current year, a top executive of the bank said.

In a lecture on Friday on “New developments in microfinance”, Nadeem Hussain, President, Tameer Microfinance Bank, said that the consumers are availing the off-banking facility through retail network. “The consumers are also being provided a facility of remittances at the local level,” he added.
There are 10,000 branches of commercial banks in the country and contrary to that more than 150,000 retail networks are available in every corner of the country, he said.

The easypaisa facility is being provided to the consumers through the joint venture of the Tameer Microfinance Bank and Telenor Pakistan, he said.

Tameer Bank is striving to provide another facility of international remittances to its consumers, which is expected to be launched by the end of the current year, he added.