Telenor Microfinance Bank (TMB) and the Central Depository Company of Pakistan Limited (CDC) have signed a Memorandum of Understanding (MoU) at CDC House Karachi. A salient feature of the MoU will be the Easypaisa platform which will facilitate CDC account holders in biometric verification and collection of funds.

Signatories to the MoU were Shahid Mustafa, President & CEO Telenor Microfinance Bank and Badiuddin Akber, CEO Central Depository Company. This is a first step to enable utilization of the branchless banking medium as an approach to transform the opportunity of investments for the investors of Capital Market and to create an ecosystem of financial inclusion for individuals who are unable to access this mode of saving.-PR

Copyright Business Recorder, 2019