Microfinance: PPAF, Telenor, Tameer join hands
The Pakistan Poverty Alleviation Fund (PPAF) has signed a memorandum of understanding (MoU) with Telenor Pakistan and Tameer Microfinance Bank (TMB) for extending financial services to poor and un-banked communities. Under the MoU, a pilot project is to be launched to extend financial services to select communities by establishing Easypaisa shops, which will provide services that include bill payments, money transfers, donations, international home transfers, withdrawals and deposits through mobile accounts. One Easypaisa shop will be set up in each PPAF community to cater to their banking needs. Once the pilot project is completed, it will be replicated nationwide, a press release stated.