Loading weather…
Breaking News

Telenor Microfinance Bank (Easypaisa) CEO resigned to Pursue International Opportunity

Easypaisa CEO steps down

M. Mudassar Aqil, CEO of Telenor Microfinance Bank Limited (Easypaisa), has resigned to pursue a new opportunity overseas, according to official sources.

With Aqil’s departure from the helm, Telenor Microfinance Bank and Easypaisa’s future strategy becomes clear.

The bank’s leadership will need to navigate this leadership transition and ensure a smooth transition in order to maintain the bank’s growth trajectory and position as a leading player in Pakistan’s financial technology sector.

The departure of Aqil raises questions about Telenor Microfinance Bank and its well-known mobile financial services platform Easypaisa.

Also Read:Β Jazz takes top spot in OpenSignal’s new coverage experience report

While Pakistan struggles to keep up with the global pace of digital transformation, Telenor Microfinance Bank and Easypaisa should adapt while continuing to provide high-end financial services to their customers.

Telenor Microfinance Bank/Easypaisa claims to have cut its losses by more than 90% in the first quarter of 2023, from Rs. 2.185 billion in the same period the previous year to Rs. 185 million.

The bank’s revenue also increased dramatically, with earnings reaching Rs. 1.25 billion, a 353 percent increase from January to March 2023.

The bank’s success has been attributed to factors such as equity investment and significant revenue growth in branchless banking.

Picture of Syed Musa

Syed Musa

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.
Facebook
Twitter
LinkedIn
Pinterest
WhatsApp

Syed Musa

Designation: Media Editor

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.

Trending

Latest