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‘CDC Account Holders to be facilitated by Easy Paisa’

CDC Account Holders to be facilitated by Easy Paisa’

Telenor Micro finance 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 bio metric verification and collection of funds. Signatories to the MOU were Shahid Mustafa, President & CEO Telenor Micro finance 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. Under the MoU, both existing and new CDC account holders can easily reach out to 75,000 plus Easypaisa outlets located in more than 800 cities across Pakistan for In-Person Verification (IPV) of their CDC online accounts.

News Source: Thebusiness

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