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Easypaisa App – Digital Banking & Finance for Pakistan

  • October 21, 2024
  • 6 min read
Easypaisa App – Digital Banking & Finance for Pakistan

Introduction – What is Easypaisa Application?

Without a doubt, many aspects of our life have become digitalised and we are surrounded by technology everywhere. Similarly, the latest advancements in technology have also made many changes in the world of finance. Easypaisa App is one such epitome of financial technology especially for the people of Pakistan. Indeed, Easypaisa has single-handedly managed to revolutionize the way people handle their money and finances. Basically, Easypaisa can be described as the leading digital finance solutions/services provider in Pakistan. There are a wide variety of services offered here. For example, people can transfer funds among each other and also pay different kinds of bills. You will get to know more about this application and what it has to offer in detail ahead. This blog is going to serve as an elaborate guide providing you all the information you need.

Easypaisa App – Understanding the application platform

Evidently, Pakistan is a country with a huge population. And, people definitely need to make different kinds of transactions. Easypaisa has emerged to be the most relied upon application for the people of Pakistan. A plethora of financial services and solutions are included on this application. Definitely, people of Pakistan have made Easypaisa their first choice because of how all the services are very convenient to use. At the same time, Easypaisa has proved itself to be trustworthy in terms of security concerns. Indeed, many people even address this application as a financial technology giant of Pakistan. Undeniably, this application and platform has been in existence for quite a long time. For the same reason, Easypaisa has earned itself the reputation of being a Pioneer in the digital finance sector of Pakistan.

Easypaisa App – An overview

NameEasypaisa
Type of companyPrivate
Year of establishment2009
IndustryMobile financial services
Current headquartersKarachi, Pakistan
Key peopleOmar Moeen Malik – CEO
ProductsMobile payments & digital wallet
Owned by/parent companyTelenor Microfinance Bank
Official websitewww.easypaisa.com.pk

Easypaisa App – More relevant facts and information

Evidently, Easypaisa came into existence a total of 15 years ago. Specifically, it was founded and established back in the year 2009. According to sources, Easypaisa formed as a result of a partnership between Telenor Pakistan and Tameer Microfinance Bank. Initially, this application just used to work as a service which allowed the transfer of money using feature phones. In contrast, as of now it has evolved and become a complete mobile wallet application capable of doing a lot more. Indeed, this application and its services caters to millions of Pakistan citizens on a regular basis. People are allowed to execute different financial transactions simply and directly with the use of their smartphone device. Consequently, individuals of Pakistan do not need to be as relied on traditional banking systems as they used to be before the emergence of Easypaisa.

Features of Easypaisa App – What does it offer?

  • First comes the money transfer services. These are indeed one of the primary features of this application. With the use of their money transfer services any transaction can be made immediately across the whole country of Pakistan. And the transfer of money will get reflected instantly to both sides. Individuals of Pakistan do not need to be registered on Easypaisa to make transactions. Instead they can use their mobile number or a valid CNIC i.e., Computerized National Identity Card. On the other hand, bank account information can also be used to initiate transfer of funds.
  • Surely, every household in Pakistan must be using a combination of services like electricity, water, gas, internet, etc. Well, using the services of this platform utility bills of these services can be paid conveniently without any hassles. And, people of Pakistan can do so from the comfort of their homes or remotely anywhere.
  • Recharging and topping up your mobile services is also very easy with this application. You will be able to stay connected because by using Easypaisa you will be able to instantly recharge. Certainly, there is no delay.
  • Indeed, cash payments are not as relevant as they use to be. And, the management behind Easypaisa understands this aspect that is why they have included QR code payments. It works for all kinds of retail transactions and online purchases.

Easypaisa App – The security aspects and accessibility

Surely, whenever and wherever money is involved it is important to take care of security aspects. In simple words, security is known to be a major point of concern for different Financial Technology platforms and applications. Easypaisa catering to the needs of millions of people understand and recognises the need for reliable security measures. That is why multiple layers of protective measures have been established by the management of Easypaisa. They have taken all the steps they could to make sure that the data and transactions of their uses stay safe.

Some examples of their protective measures certainly include PIN protection, biometric authentication and data being encrypted during transit/transfer. Moreover, this application is known to be regulated by the State Bank of Pakistan. Consequently, the public bank is able to make sure that the services of this application are complying with their predefined financial regulations. In terms of accessibility, users are allowed to get registered with any mobile network of Pakistan without any limitations. Lastly, the Easypaisa App is available on Android as well as iOS devices.

Easypaisa App
Easypaisa App

Conclusion

Without a doubt, application has brought a huge change in Pakistan in terms of financial services. If you are also a citizen of Pakistan, it is highly recommended that you try to explore the services provided by this Financial Technology application. While exploring you will be able to figure out if it is suitable enough for you or not. However, if you start using its services you will be able to make transactions as instantly and conveniently as possible.

FAQs

Q – When was Easypaisa App founded!

2009

Q – Who is the current CEO of Easypaisa?

Omar Moeen Malik

Q – Which company owns Easypaisa?

Telenor Microfinance Bank

[AUTHOR – PIYUSH CHAUHAN]

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