Home Business & Finance Easypaisa facilitating real time International Remittances during COVID-19 pandemic

Easypaisa facilitating real time International Remittances during COVID-19 pandemic

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KARACHI: Easypaisa, Pakistan’s leading mobile platform, is offering easy and convenient international remittance services to provide much needed relief to consumers amid the difficulties caused due to the Covid-19 outbreak. Through digital partners including Xpress Money (Worldwide), Valyou (Malaysia), Small World (Europe), Hello Paisa (Africa) and Rocket Remit (Australia), Easypaisa users can now receive international payments directly into their Easypaisa mobile accounts.

As international remittances hit their peak during the holy month of Ramadan, Easypaisa is keen to facilitate its customers by providing them with an alternative of going out to withdraw the money sent by their loved ones, as it is becoming increasingly difficult to do so because of extensive lockdowns and reduced bank timings. With Easypaisa’s international remittance service, customers can avail a host of benefits including unlimited free cash outs from Easypaisa wallet, option to withdraw money from more than 75,000 Easypaisa agents across Pakistan, extra cash of up to PKR 500 for new customers and mobile load worth PKR 2 for every USD 1 received in their Easypaisa wallet. Moreover, not only will receivers get a free Easypaisa ATM card on receiving USD 200 or more in a given month, but even the senders will be able to enjoy free services from most of the sending jurisdictions.

International remittance transactions in Pakistan have always been a challenge due to the logistics and limited presence of commercials banks in rural areas. Advancements in digital technologies and introduction of user-friendly mobile platforms though, have made it much simpler to receive payments across national borders without the need of financial intermediaries. Easypaisa being a leader in the digital payments market has been one of the first to incorporate and offer the convenience associated with the use of these technologies to its customers.

Commenting on the development, Mohammad Mudassar Aqil, CEO Telenor Microfinance Bank/Easypaisa said, ”At Easypaisa, we have always endeavored to introduce effective, simple and innovative solutions into the financial value chain with the objective of redefining the way transactions are generally conducted. We are continuously working towards the personification of these objectives one step at a time. Our partnerships with some of the leading financial players across the globe is allowing us to leverage cutting-edge technologies and sophisticated infrastructure to provide greater ease of access to our consumers and redefine cross-border remittances in the country”.

Easypaisa, the country’s leading mobile banking platform is constantly working towards creating a favorable landscape for the widespread acceptance of payment solutions for a wide range of local as well as international transactions. The need for a shift towards digital financial solutions has been effectively highlighted during the current pandemic. Easypaisa enables customers to maintain mobile accounts, transfer funds, pay bills etc. without the need for a conventional bank account.

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