Easypaisa Launches ‘International Home Transfer’ Service

Tameer Microfinance Bank and Telenor Pakistan made another addition to the bouquet of easypaisa services with the launch of ‘International Home Transfer’ in collaboration with Xpress Money, UK.

This service adds on international home remittances receiving facility in Pakistan.

The latest easypaisa service can be availed by

anyone with a valid CNIC irrespective of any mobile operator or bank affiliation through all Sales and Service Centres and Franchises of Telenor Pakistan and all branches of Tameer Microfinance Bank.

Vice President Financial Services Telenor Pakistan, Roar Bjaerum, announced the launch of ‘International Home Transfer’ service and shared,

“Lack of financial infrastructure in many areas of Pakistan makes the process of receiving international remittances sent by loved ones abroad cumbersome. easypaisa International Home Transfer is meant to facilitate bridging this gap. At the same time, this service is part of our vision to offer wider range of financial services to increase financial inclusion in Pakistan.”

Speaking at the launch of International Home Transfer, the Chief Executive Officer Tameer Microfinance Bank, Nadeem Hussain said,

“The regular stream of new additions in the easypaisa portfolio displays regulators confidence in the reliability and performance of the solution. This new service offers all the benefits of any conventional remittance service. We are making quick progress towards offering new services providing additional benefits to the customers”

The senders of funds from abroad can transfer the money through the wide network of Xpress agents present in more than 80 countries including United Arab Emirates, Kingdom of Saudi Arabia and United Kingdom.

A transaction ID will be generated on sending the amount which, along with the CNIC, are required to claim the funds through all Telenor Pakistan Sale & Service Centers, Franchises and Tameer Microfinance Bank outlets.

International remittances can play a valuable role in providing foreign exchange, but more importantly, also offer significant potential to support incomes of poor and vulnerable groups. Tameer Bank has been given a member status of Pakistan Remittances Initiative (PRI).

PRI is a joint initiative of State Bank of Pakistan, Ministry of Overseas Pakistanis and Ministry of Finance aimed at increasing the inflow of remittances through legal channels. Keeping in mind the importance of international remittances to Pakistan’s economy, the International Home Transfer service is being offered without any charges.

Telenor Pakistan and Tameer Microfinance Bank’s easypaisa International Home Transfer Service will extend its relationships to more transfer agents in addition to Xpress Money in the future.