Easypaisa Clarifies It Remains Unaffected by PTCL’s Acquisition of Telenor

In a response to recent news about Pakistan Telecommunication Authority (PTCL) acquiring 100% of Telenor Pakistan fo $108 billion, Easypaisa has taken to social media and clarified that it remains completely unaffected, adding that Telenor Microfinance Bank (TMB) and its flagship product, Easypaisa, is not part of the transaction. ” Your deposits are completely secure, and this development will not impact them in any way.” Easypaisa added.

“Telenor Microfinance Bank (TMB) & easypaisa is an independent financial institution, licensed and governed by the State Bank of Pakistan (SBP).” Easypaisa stated, adding, “We are a joint venture between Telenor B.V. and Ant Group, who are committed shareholders, dedicated to the Bank’s ongoing transformation from a Microfinance Bank to a Digital Retail Bank, subject to regulatory approvals.”

Easypaisa urged customers to disregard any “unsubstantiated rumors” and continue to trust their commitment to maintaining the highest standards of service and security. “Your confidence is valued, and our operations will continue seamlessly. We remain committed to working towards our mission of a financially inclusive, digital Pakistan.” it concluded.

The response comes after certain rumors started spreading on social media regarding Easypaisa’s uncertain future after PTCL acquired Telenor Pakistan. This caused concern among users of the microfinance bank regarding the safety of their money.