KARACHI: Tameer Microfinance Bank Limited (TMBL) has been
rebranded as Telenor Microfinance Bank a year after its complete acquisition by
Norwegian multinational telecommunications company Telenor Group, a statement
said on Monday.
“We
are proud of pioneering the journey of innovating financial services ecosystem
in Pakistan, which started with the launch of Easypaisa – our mobile banking
platform and a catalyst of future banking,” Telenor Microfinance Bank president
Ali Riaz Chaudhry said as he unveiled the micro-lender’s new corporate identity
at a media briefing.
“As
we continue to grow, we remain committed to empowering the underserved people
of Pakistan through convenient, affordable and secure digital financial
services.” Chaudhry said the new name represents a significant foreign
direct investment in Pakistan’s banking sector.
“The
management of bank remains the same and henceforth all future business
activities will be conducted under the new name,” he added. Syed Samar
Hasnain, executive director, State Bank of Pakistan (SBP), said the bank, with
a mobile banking platform like Easypaisa, would continue to promote financial
inclusion in the country. “The SBP will continue to support initiatives aimed
at providing financial services to the segments still excluded from the
mainstream financial system.”
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