Monday, July 22, 2024
No menu items!
HomeTechOfficial Statement Clarifies Easypaisa's Status Post PTCL Purchase

Official Statement Clarifies Easypaisa’s Status Post PTCL Purchase

Rate this post

Easypaisa, the digital financial services provider, has released a statement in response to Telenor Pakistan’s sale to PTCL, assuring its customers that its operations remain unaffected by the transaction.

“Regarding recent news of Telenor Pakistan’s sale, we want to assure our valued customers that our operations remain unchanged. Telenor Microfinance Bank (TMB) and its flagship platform, Easypaisa, are not part of this transaction. Your deposits are completely secure, and this development will not impact them,” the company affirmed in a tweet on X.

Read More: IT Ministry Submits Mobile Phone Installment Plan to PTA for Final Review

Highlighting its independent status as a financial institution licensed and governed by the State Bank of Pakistan (SBP), Easypaisa emphasized its commitment to transformation, supported by shareholders Telenor B.V. and Ant Group, subject to regulatory approvals.

“We urge our customers to disregard any unverified rumors and maintain trust in our commitment to uphold the highest service and security standards. Your confidence is valued, and our operations will continue seamlessly. Our mission of fostering a financially inclusive, digital Pakistan remains steadfast,” Easypaisa reiterated.

Read More: FBR Adjusts Phone Taxes: Differential Treatment for Overseas Visitors vs. Commercial Importers

Last week, Pakistan Telecommunication Company Limited (PTCL) announced the acquisition of 100% of Telenor Pakistan for $495 million on a cash-and-debt-free basis. This acquisition sets the stage for combining Ufone and Telenor Pakistan, poised to become the largest cellular operator in Pakistan, disrupting Jazz’s longstanding leadership in the country’s cellular market.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular