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What is the current state of digital banking in Pakistan? Is it likely that Pakistan will go cashless soon? Why do so many people in Pakistan still lack bank accounts?
Our podcast guest M. Mudassar Aqil, CEO of Telenor Microfinance Bank and Easypaisa, provided clear answers to these and many other important concerns concerning the current and future of banking in Pakistan.
The first digital-only bank in Pakistan, Telenor Microfinance Bank/Easypaisa, has 11 million MAUs and is supported by Telenor and Ant Group. Its transactional flow accounts for 4% of Pakistan's GDP.
Mudassar has contributed significantly to Pakistan's fintech sector. He previously held the position of CEO of FINCA Microfinance Bank, where he introduced Pakistan's first mobile wallet that runs on smartphones and digitalized the institution's microlending operations.
He has more than 24 years of experience in the financial services and fintech industries, 11 of them as a CEO. Mudassar possesses extensive knowledge of both digital lending and platform business strategy.
Find out about all that is happening in our country in this episode!
#easypaisa #microfinance #howdoesitwork
00:00 Introduction
01:16 When will Pakistan's economy go cashless?
02:46 The digital economy: did Covid start it?
03:43 Why does the State Bank grant licences for online banking?
06:45 Why don't 70% of Pakistanis have bank accounts yet?
15:36 Why are telcos entering the banking industry?
17:39 Are all telcos in the globe entering the banking industry?
19:15 How do conventional and online banking work together?
26:58 How do Gen-Z leaders compare to Millennials?
31:43 How does the Easy Paisa Microfinance Bank of Telenor function as a distinct entity?
Don’t forget to subscribe and press the bell icon to catch on to some amazing conversations coming your way every week!
Keep up with our podcast:
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Tiktok: https://vt.tiktok.com/ZSRYSy1K1/
Follow ProPakistani:
Facebook: https://www.facebook.com/ProPakistani
Insta: https://www.instagram.com/pro_pakistani/
Twitter: https://twitter.com/ProPakistaniPK
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You can also audio stream our podcast here:
Google Podcast: https://bit.ly/3z6AGPi
Apple Podcast: https://apple.co/3b9GQGu
Spotify: https://spoti.fi/3OFNm5H
By Shayan Mahmud5
33 ratings
What is the current state of digital banking in Pakistan? Is it likely that Pakistan will go cashless soon? Why do so many people in Pakistan still lack bank accounts?
Our podcast guest M. Mudassar Aqil, CEO of Telenor Microfinance Bank and Easypaisa, provided clear answers to these and many other important concerns concerning the current and future of banking in Pakistan.
The first digital-only bank in Pakistan, Telenor Microfinance Bank/Easypaisa, has 11 million MAUs and is supported by Telenor and Ant Group. Its transactional flow accounts for 4% of Pakistan's GDP.
Mudassar has contributed significantly to Pakistan's fintech sector. He previously held the position of CEO of FINCA Microfinance Bank, where he introduced Pakistan's first mobile wallet that runs on smartphones and digitalized the institution's microlending operations.
He has more than 24 years of experience in the financial services and fintech industries, 11 of them as a CEO. Mudassar possesses extensive knowledge of both digital lending and platform business strategy.
Find out about all that is happening in our country in this episode!
#easypaisa #microfinance #howdoesitwork
00:00 Introduction
01:16 When will Pakistan's economy go cashless?
02:46 The digital economy: did Covid start it?
03:43 Why does the State Bank grant licences for online banking?
06:45 Why don't 70% of Pakistanis have bank accounts yet?
15:36 Why are telcos entering the banking industry?
17:39 Are all telcos in the globe entering the banking industry?
19:15 How do conventional and online banking work together?
26:58 How do Gen-Z leaders compare to Millennials?
31:43 How does the Easy Paisa Microfinance Bank of Telenor function as a distinct entity?
Don’t forget to subscribe and press the bell icon to catch on to some amazing conversations coming your way every week!
Keep up with our podcast:
Facebook: https://www.facebook.com/Howdoesitwor...
Insta: https://www.instagram.com/howdoesitwo...
Tiktok: https://vt.tiktok.com/ZSRYSy1K1/
Follow ProPakistani:
Facebook: https://www.facebook.com/ProPakistani
Insta: https://www.instagram.com/pro_pakistani/
Twitter: https://twitter.com/ProPakistaniPK
LinkedIn: https://www.linkedin.com/company/prop...
You can also audio stream our podcast here:
Google Podcast: https://bit.ly/3z6AGPi
Apple Podcast: https://apple.co/3b9GQGu
Spotify: https://spoti.fi/3OFNm5H