Finance Minister applauds Easypaisa on becoming Pakistan’s first digital bank

January 31, 2025 (MLN): Finance Minister Senator Muhammad Aurangzeb congratulated Easypaisa Digital Bank on its successful transformation into Pakistan’s first digital bank after securing the coveted digital banking license from the State Bank of Pakistan (SBP).

The achievement was celebrated at a dinner hosted by Irfan Wahab Khan, Chairman of the Board, and Jahanzeb Khan, President & CEO of Easypaisa Digital Bank. The finance minister acknowledged Easypaisa’s contribution to advancing digital financial services and promoting financial inclusion in Pakistan.

Speaking at the occasion, which was attended by government officials, including Ali Pervez Malik, Minister of State for Finance and Revenue, and Khurram Schehzad, Advisor to the Finance Minister, as well as foreign ambassadors, dignitaries, and business leaders, the Finance Minister highlighted this achievement as a significant milestone in Pakistan’s digitalization journey.

Easypaisa Digital Bank reached a historic milestone by becoming Pakistan’s first Digital Retail Bank to receive commercial approval from the SBP under its Licensing and Regulatory Framework for Digital Banks. 

Addressing the audience, Finance Minister congratulated the Easypaisa digital bank leadership and said this is a feather in the cap for Pakistan’s digitalization.

"Where you are today is truly a milestone to cherish. This transformation will help us shift from traditional cash-based transactions, and it is merely the beginning of the journey—not the finishing line. With Raast and Nadra being centres of digital excellence, it is integral to connect and align these verticals to empower Pakistanis and enhance financial inclusion across the country,” he added. 

Chairman of the Board of Easypaisa digital bank, Irfan Wahab Khan commented that the journey from being Pakistan’s first mobile money service to the country’s first digital bank is nothing short of remarkable.

This digital banking license empowers us to broaden access to financial services and enhance the lives of millions.

As a digital bank with over 50 million registered users, Easypaisa digital bank will play a crucial role in delivering innovative and convenient digital financial services to users across Pakistan, he further noted. 

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