KARACHI, December 16, 2016: Easypaisa, the first and largest branch-less banking service and Summit Bank, renowned for its innovative, out-of-the-box digital products and services, have formed a strategic partnership. Through this partnership, Easypaisa will extend its vast network to Summit Bank customers for collections & disbursements, and social cash transfer, as well as collaborate on the e-commerce front.
Easypaisa introduced a unique way of transferring money from one person to another instantly, in a safe, secure and convenient manner, made available to the un-banked masses of Pakistan for the first time.
Prior to Easypaisa, customers had to travel long distances, manage lots of paperwork, stand in long queues for hours, and were limited to specific working hours. Easypaisa revolutionized the industry by enabling the same transactions to be carried out at your local retailer instantly, in a safe, secure and convenient manner. Performing financial transactions through Easypaisa only takes a few seconds and ends with a confirmation SMS.
Aspiring to become the bank of preferred choice, Summit Bank has decided to convert itself into a full fledge Islamic Bank. We are guided by an eminent board of Shariah scholars and practitioners with extensive experience in the field and our 30 branches are now offering Islamic banking products & Services. Further 34 branches will be added to the network during the year to complete the conversion by end of next year.
Now anyone can use Easypaisa services either through over-the-counter transactions by visiting their nearest Easypaisa outlet or through their mobile phones using mobile accounts. Easypaisa’s constant innovation empowers customers to address their financial needs easily through the many services offered including: bill payment, sending or receiving money, purchasing airtime, salary disbursements, giving donations, disbursing social cash transfers, insurance and savings. We have continued to expand our product portfolio with unprecedented services like Inter-Bank Funds Transfer, online payments, handset lending and health insurance. These services have never before been offered to the masses of Pakistan at this scale.