KARACHI: A joint venture of Telenor Pakistan and Tameer Microfinance Bank, Easypaisa, has become the first mobile money service to become inter-operable with the existing banking infrastructure by launching the Inter-Bank Fund Transfer (IBFT) service, enabling its customers to transfer funds between a number or banks via the 1-Link switch.

Easy paisa brings this service to both its mobile account holders and over-the-counter (OTC) customers. Easypaisa Mobile Account holders can now move funds from any bank account into their mobile account and vice versa.

Any customer can walk into any of the Easypaisa shops and deposit cash directly into any bank account. Customers will only need to approach an Easypaisa shop, provide their CNIC and their bank account number to use this service. This cash deposit facility will be available at Easypaisa shops while they are open, often late into the night and even on weekends.

Opinion

Editorial

Trump 2.0
Updated 07 Nov, 2024

Trump 2.0

It remains to be seen how his promises to bring ‘peace’ to Middle East reconcile with his blatantly pro-Israel bias.
Fait accompli
07 Nov, 2024

Fait accompli

A SLEW of secretively conceived and hastily enacted legislation has achieved its intended result: the powers of the...
IPP contracts
07 Nov, 2024

IPP contracts

THE government expects the ongoing ‘negotiations’ with power producers aimed at revising the terms of sovereign...
Rushed legislation
Updated 06 Nov, 2024

Rushed legislation

For all its stress on "supremacy of parliament", the ruling coalition has wasted no opportunity to reiterate where its allegiances truly lie.
Jail reform policy
06 Nov, 2024

Jail reform policy

THE state is making a fresh attempt to improve conditions in Pakistan’s penitentiaries by developing a national...
BISP overhaul
06 Nov, 2024

BISP overhaul

IT has emerged that the spouses of over 28,500 Sindh government employees have been illicitly benefiting from BISP....