IFC offers an equity investment in Pakistan-based EP Systems Ltd
MG News | January 31, 2020 at 10:12 AM GMT+05:00
January 31, 2020 (MLN): Systems Limited via notification to PSX has informed that its subsidiary EP Systems Pvt Limited has signed an agreement with The International Finance Corporation (IFC), a member of the World Bank Group for an equity investment in EP Systems.
EP Systems owns and operates OneLoad a digital platform and payment system for retailers in Pakistan. The global financial institution will purchase approximately 20 percent of the company making OneLoad IFCs first fintech investment in Pakistan.
Moreover, it is expected that at least one IFC executive will also join EP Systems board of directors.
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